Friday, March 5, 2021

Market cap of Equity Commonwealth [EQC] reaches 4.07B – now what?

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Equity Commonwealth [NYSE: EQC] price surged by 0.51 percent to reach at $0.17. A sum of 1045853 shares traded at recent session while its average daily volume was at 1.20M shares. Equity Commonwealth shares reached a high of $34.10 and dropped to a low of $33.45 until finishing in the latest session at $33.82.

The one-year EQC stock forecast points to a potential upside of 4.27. The average equity rating for EQC stock is currently 2.30, trading closer to a bullish pattern in the stock market.


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Guru’s Opinion on Equity Commonwealth [EQC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EQC shares is $35.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EQC stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JMP Securities have made an estimate for Equity Commonwealth shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on August 14, 2019. The new note on the price target was released on August 01, 2018, representing the official price target for Equity Commonwealth stock. Previously, the target price had yet another raise from $31 to $32, while Stifel kept a Buy rating on EQC stock. On September 30, 2016, analysts increased their price target for EQC shares from 28 to 32.

The Average True Range (ATR) for Equity Commonwealth is set at 0.73, with the Price to Sales ratio for EQC stock in the period of the last 12 months amounting to 38.79. The Price to Book ratio for the last quarter was 1.17, with the Price to Cash per share for the same quarter was set at 27.83.

EQC Stock Performance Analysis:

Equity Commonwealth [EQC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.05. With this latest performance, EQC shares dropped by -1.28% in over the last four-week period, additionally plugging by 3.33% over the last 6 months – not to mention a rise of 12.56% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EQC stock in for the last two-week period is set at 58.33, with the RSI for the last a single of trading hit 60.92, and the three-weeks RSI is set at 55.35 for Equity Commonwealth [EQC]. The present Moving Average for the last 50 days of trading for this stock 33.16, while it was recorded at 33.50 for the last single week of trading, and 32.58 for the last 200 days.

Insight into Equity Commonwealth Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Equity Commonwealth [EQC] shares currently have an operating margin of +4.66 and a Gross Margin at +41.08. Equity Commonwealth’s Net Margin is presently recorded at +385.01.

Return on Total Capital for EQC is now 0.18, given the latest momentum, and Return on Invested Capital for the company is 14.65. Return on Equity for this stock inclined to 15.33, with Return on Assets sitting at 14.38. When it comes to the capital structure of this company, Equity Commonwealth [EQC] has a Total Debt to Total Equity ratio set at 0.79. Additionally, EQC Total Debt to Total Capital is recorded at 0.79, with Total Debt to Total Assets ending up at 0.77. Long-Term Debt to Equity for the company is recorded at 0.80, with the Long-Term Debt to Total Capital now at 0.77.

Reflecting on the efficiency of the workforce at the company, Equity Commonwealth [EQC] managed to generate an average of $17,595,714 per employee. Receivables Turnover for the company is 3.62 with a Total Asset Turnover recorded at a value of 0.04.

EQC Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EQC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Equity Commonwealth go to -2.00%.

Equity Commonwealth [EQC] Insider Position Details

There are presently around $3,912 million, or 97.60% of EQC stock, in the hands of institutional investors. The top three institutional holders of EQC stocks are: VANGUARD GROUP INC with ownership of 18,835,026, which is approximately 1.017% of the company’s market cap and around 0.60% of the total institutional ownership; BLACKROCK INC., holding 8,070,950 shares of the stock with an approximate value of $271.59 million in EQC stocks shares; and JACKSON SQUARE PARTNERS, LLC, currently with $239.71 million in EQC stock with ownership of nearly 1.807% of the company’s market capitalization.

131 institutional holders increased their position in Equity Commonwealth [NYSE:EQC] by around 11,584,495 shares. Additionally, 133 investors decreased positions by around 14,120,122 shares, while 41 investors held positions by with 90,560,116 shares. The mentioned changes placed institutional holdings at 116,264,733 shares, according to the latest SEC report filing. EQC stock had 40 new institutional investments in for a total of 1,332,922 shares, while 44 institutional investors sold positions of 2,643,907 shares during the same period.

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