Paramount Group Inc [NYSE: PGRE] stock went on an upward path that rose over 1.25% on Tuesday, amounting to a one-week price decrease of less than -2.02%.
Over the last 12 months, PGRE stock dropped by -6.91%. The one-year Paramount Group Inc stock forecast points to a potential upside of 9.85. The average equity rating for PGRE stock is currently 3.00, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $2.47 billion, with 217.52 million shares outstanding and 182.90 million shares in the current float. Compared to the average trading volume of 923.30K shares, PGRE stock reached a trading volume of 294089 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Paramount Group Inc [PGRE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PGRE shares is $5.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PGRE stock is a recommendation set at 3.00. 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.
Evercore ISI have made an estimate for Paramount Group Inc shares, keeping their opinion on the stock as In-line, with their previous recommendation back on March 18, 2024. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $5 to $4. The new note on the price target was released on November 13, 2023, representing the official price target for Paramount Group Inc stock. Previously, the target price had yet another raise to $5.50, while BofA Securities analysts kept a Neutral rating on PGRE stock. On November 23, 2022, analysts decreased their price target for PGRE shares from 8 to 6.50.
The Average True Range (ATR) for Paramount Group Inc is set at 0.16, with the Price to Sales ratio for PGRE stock in the period of the last 12 months amounting to 3.24. The Price to Book ratio for the last quarter was 0.33, with the Price to Cash per share for the same quarter was set at 0.96. Price to Free Cash Flow for PGRE in the course of the last twelve months was 10.07.
PGRE Stock Performance Analysis:
Paramount Group Inc [PGRE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.02. With this latest performance, PGRE shares gained by 2.11% in over the last four-week period, additionally plugging by 7.78% over the last 6 months – not to mention a drop of -6.91% 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 PGRE stock in for the last two-week period is set at 49.73, with the RSI for the last a single of trading hit 51.73, and the three-weeks RSI is set at 48.88 for Paramount Group Inc [PGRE]. The present Moving Average for the last 50 days of trading for this stock 4.96, while it was recorded at 4.75 for the last single week of trading, and 4.83 for the last 200 days.
PGRE 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 PGRE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Paramount Group Inc go to -12.50%.
Paramount Group Inc [PGRE] Institutonal Ownership Details
There are presently around $66.47%, or 79.06%% of PGRE stock, in the hands of institutional investors. The top three institutional holders of PGRE stocks are: BLACKROCK INC. with ownership of 31.1 million shares, which is approximately 14.325%. VANGUARD GROUP INC, holding 26.24 million shares of the stock with an approximate value of $$121.51 million in PGRE stocks shares; and VANGUARD GROUP INC, currently with $$40.99 million in PGRE stock with ownership which is approximately 4.0778%.
