Analyst Ratings for Paramount Group Inc. (PGRE)Updated: 2017-07-26
Shares of Paramount Group Inc. (NYSE:PGRE) have received a consensus rating of Hold from Wall Street analysts. Last month, PGRE received an average rating of Hold.
A buy rating was issued by 3 analysts, 1 gave an overweight rating, 3 gave a hold rating, 1 issued an underweight rating, and 2 gave a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 3.
Several price targets were given for PGRE by the analysts covering the stock. The most optimistic price target was 19, implying a possible profit of 18.38 percent. The most pessimistic analyst gave a price target of 15, which equates to a potential downside of -6.54 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.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes 35.83 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of 50 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.
In the trailing 52-weeks, PGRE hit 18.28 at the highest peak, while it's lowest trading point was 14.58. Currently the stock is 10.08 percent higher than its low, and below the high by 12.2 percent. PGRE has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The PGRE value stock report compares PGRE to some of its peers using value stock charts. The market cap of PGRE is $3.71 billion. PGRE's next earnings release will be on 0000-00-00, which is days away.