EastGroup Properties, Inc. (EGP)
NYSE: EGP · IEX Real-Time Price · USD
166.02
+0.15 (0.09%)
May 20, 2024, 4:00 PM EDT - Market closed
EastGroup Properties Stock Forecast
Stock Price Forecast
The 15 analysts with 12-month price forecasts for EGP stock have an average target of 181.73, with a low estimate of 158 and a high estimate of 210. The average target predicts an increase of 9.46% from the current stock price of 166.02.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for EGP stock from 15 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 4 | 4 | 2 | 2 | 4 | 5 |
| Hold | 6 | 6 | 6 | 7 | 9 | 9 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 11 | 9 | 10 | 14 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| RBC Capital | RBC Capital | Hold Maintains $190 → $172 | Hold | Maintains | $190 → $172 | +3.60% | May 6, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $190 → $183 | Hold | Maintains | $190 → $183 | +10.23% | May 2, 2024 |
| Baird | Baird | Buy Maintains $195 → $175 | Buy | Maintains | $195 → $175 | +5.41% | May 1, 2024 |
| Keybanc | Keybanc | Buy Maintains $198 → $178 | Buy | Maintains | $198 → $178 | +7.22% | Apr 30, 2024 |
| Barclays | Barclays | Hold Maintains $181 → $175 | Hold | Maintains | $181 → $175 | +5.41% | Apr 29, 2024 |
Financial Forecast
Revenue This Year
636.00M
from 570.59M
Increased by 11.46%
Revenue Next Year
700.33M
from 636.00M
Increased by 10.11%
EPS This Year
4.45
from 4.42
Increased by 0.70%
EPS Next Year
4.99
from 4.45
Increased by 12.14%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 678.8M | 765.0M | 873.3M | 997.4M | 1.1B |
| Avg | 636.0M | 700.3M | 803.2M | 926.8M | 1.1B |
| Low | 599.6M | 624.5M | 751.1M | 867.6M | 1.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 19.0% | 20.3% | 24.7% | 24.2% | 22.3% |
| Avg | 11.5% | 10.1% | 14.7% | 15.4% | 17.6% |
| Low | 5.1% | -1.8% | 7.2% | 8.0% | 14.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.74 | 5.54 | 6.52 | 6.64 | 18.50 |
| Avg | 4.45 | 4.99 | 5.56 | 6.38 | 17.80 |
| Low | 4.20 | 4.55 | 4.81 | 6.19 | 17.27 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.1% | 24.6% | 30.6% | 19.3% | 189.8% |
| Avg | 0.7% | 12.1% | 11.4% | 14.8% | 178.8% |
| Low | -4.9% | 2.2% | -3.6% | 11.4% | 170.5% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.