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.
A number of analysts gave price targets for SLG. The highest price target was 130, implying potential capital gains of 25.91 percent. The minimum price target given was 106, implying potential capital losses of 2.66 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -17.28 percent. The average change in earnings estimates over the last 90 days is -5.88 percent. Meanwhile, fiscal year estimates have been revised upwards by 0.58 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 14.23 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, which can be compared to the 6 analysts that decreased their estimates. During this time, 5 analysts made positive revisions in their estimates for this fiscal year's earnings, while 3 analysts decreased their estimates.
SLG has an estimated earnings growth rate of 583.75 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. SLG has a PEG ratio of 0.19.
SLG has a 52-week high of 120.63 and a 52-week low of 93.90. The current market price is above the trailing year's low by 9.96 percent, and below the high by 14.41 percent. 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 market cap of SLG is $10.11 billion. SLG will post this quarters earnings in days, on 0000-00-00.