Analyst Ratings for SL Green Realty Corp. (SLG)Updated: 2017-07-29
Analysts covering SL Green Realty Corp. (NYSE:SLG) have given it a consensus rating of Overweight. Last month, SLG received an average rating of Overweight.
10 analysts declared SLG a buy, 1 gave an overweight rating, 10 issued a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an increase of 1 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Investment analysts gave a few price targets for SLG. The most optimistic analyst gave a price target of 130, implying potential capital gains of 25.91 percent. The most pessimistic analyst gave a price target of 106, implying potential capital losses of 2.66 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 downwards for this quarter, by about -17.28 percent on average, compared to last month. That number becomes -5.88 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 0.58 percent. If we look at the last 90 days instead, we find a net average change of 14.23 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 6 analysts that decreased their estimates. Over the same time period, 5 analysts revised their FY earnings estimates upwards, while 3 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of SLG to grow at a rate of 583.75 percent. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. SLG has a PEG ratio of 0.19.
In the trailing 52-weeks, SLG hit 120.63 at the highest peak, while it's lowest trading point was 93.90. Currently the stock is 9.96 percent higher than its low, and 14.41 percent lower than its 52-week high. SLG has a price/earnings ratio of 108.17. Investors typically compare the P/E ratio to a company's peers in the industry. The SLG value stock report compares SLG to some of its peers using value stock charts. The stock has a market capitalization of $10.11 billion. SLG will post this quarters earnings in days, on 0000-00-00.