Analyst Ratings for Piedmont Office Realty Trust Inc. Cl A (PDM)Updated: 2017-07-26
Piedmont Office Realty Trust Inc. Cl A (NYSE:PDM) was awarded an average rating of Hold from investment analysts following the stock. PDM had previously received a consensus rating of Hold a month ago.
A buy rating was issued by 0 analysts, 0 issued an overweight rating, 5 gave a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
Several price targets were given for PDM by the analysts covering the stock. The most optimistic price target was 23, implying potential capital gains of 10.68 percent. The most pessimistic analyst gave a price target of 21, implying a possible loss of 1.06 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 14.29 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 24.65 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 2 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. Over the same time period, 2 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of PDM to grow at a rate of 1796.96 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. PDM has a PEG ratio of 0.12.
In the last 52-weeks, PDM has achieved a high of 23.08 and a low of 18.61. The current market price is above the trailing year's low by 11.66 percent, and 9.97 percent below the high. PDM has a P/E ratio of 224.41. Investors typically compare the P/E ratio to a company's peers in the industry. The PDM value stock report compares PDM to some of its peers using value stock charts. The stock has a market capitalization of $3.02 billion. PDM will post this quarters earnings in days, on 0000-00-00.