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EastGroup Properties (EGP) Stock Forecast & Price Target

$187.60
+0.52 (+0.28%)
(As of 07/19/2024 ET)

EastGroup Properties - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 15 Wall Street analysts who have issued ratings for EastGroup Properties in the last 12 months, the stock has a consensus rating of "Hold." Out of the 15 analysts, 10 have given a hold rating, and 5 have given a buy rating for EGP.

Consensus Price Target

$180.69
-3.68% Downside
High Forecast$218.00
Average Forecast$180.69
Low Forecast$158.00

According to the 15 analysts' twelve-month price targets for EastGroup Properties, the average price target is $180.69. The highest price target for EGP is $218.00, while the lowest price target for EGP is $158.00. The average price target represents a forecasted downside of -3.68% from the current price of $187.60.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
6 Buy rating(s)
3 Buy rating(s)
6 Buy rating(s)
Hold
10 Hold rating(s)
10 Hold rating(s)
8 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$180.69$182.41$188.36$178.20
Forecasted Upside-3.68% Downside10.98% Upside7.01% Upside9.43% Upside
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EGP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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EGP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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EastGroup Properties Stock vs. The Competition

TypeEastGroup PropertiesFinance CompaniesS&P 500
Consensus Rating Score
2.33
2.45
2.51
Consensus RatingHoldHoldModerate Buy
Predicted Upside-3.68% Downside37.78% Upside10.04% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/4/2024BNP Paribas
3 of 5 stars
 Initiated CoverageNeutral$167.00+2.68%
5/31/2024Mizuho
2 of 5 stars
 Lower TargetNeutral ➝ Neutral$185.00 ➝ $175.00+8.84%
5/6/2024Royal Bank of Canada
4 of 5 stars
 Lower TargetSector Perform ➝ Sector Perform$190.00 ➝ $172.00+9.00%
5/2/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$190.00 ➝ $183.00+16.08%
5/1/2024Robert W. Baird
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 Lower TargetOutperform ➝ Outperform$195.00 ➝ $175.00+12.56%
4/30/2024KeyCorp
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 Lower TargetOverweight ➝ Overweight$198.00 ➝ $178.00+12.79%
4/29/2024Barclays
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 Lower TargetEqual Weight ➝ Equal Weight$181.00 ➝ $175.00+10.52%
4/29/2024Piper Sandler
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 Lower TargetOverweight ➝ Overweight$215.00 ➝ $200.00+28.27%
4/25/2024Evercore ISI
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 Lower TargetIn-Line ➝ In-Line$190.00 ➝ $178.00+13.71%
4/22/2024BMO Capital Markets
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 Initiated CoverageOutperform$190.00+19.29%
2/20/2024Truist Financial
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 Boost TargetHold ➝ Hold$186.00 ➝ $188.00+3.63%
10/27/2023Raymond James
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 UpgradeMarket Perform ➝ Outperform$180.00+13.72%
10/3/2023Wedbush
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 Initiated CoverageNeutral$175.00+6.50%
8/7/2023Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$165.00 ➝ $179.00+2.61%
8/1/2023Morgan Stanley
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 Reiterated RatingEqual Weight ➝ Equal Weight$158.00-9.01%
7/26/2023BTIG Research
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 Boost Target$198.00 ➝ $218.00+18.00%
7/14/2023Citigroup
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 Boost TargetBuy$195.00 ➝ $210.00+13.27%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:12 AM ET.

EGP Forecast - Frequently Asked Questions

What is EastGroup Properties' forecast for 2024?

According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for EastGroup Properties is $180.69, with a high forecast of $218.00 and a low forecast of $158.00.

Should I buy or sell EastGroup Properties stock right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EastGroup Properties in the last year. There are currently 10 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" EGP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EGP, but not buy additional shares or sell existing shares.

Does EastGroup Properties's stock price have much upside?

According to analysts, EastGroup Properties's stock has a predicted upside of 10.84% based on their 12-month stock forecasts.

What analysts cover EastGroup Properties?

EastGroup Properties has been rated by research analysts at Barclays, BMO Capital Markets, BNP Paribas, Evercore ISI, JPMorgan Chase & Co., KeyCorp, Mizuho, Piper Sandler, Robert W. Baird, and Royal Bank of Canada in the past 90 days.

Do Wall Street analysts like EastGroup Properties more than its competitors?

Analysts like EastGroup Properties less than other "finance" companies. The consensus rating score for EastGroup Properties is 2.33 while the average consensus rating score for "finance" companies is 2.45. Learn more on how EGP compares to other companies.


This page (NYSE:EGP) was last updated on 7/20/2024 by MarketBeat.com Staff

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