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.
Several price targets were given for SLG by the analysts covering the stock. The most optimistic analyst gave a price target of 130, which equates to a potential upside of 25.91 percent. The lowest price target was 106, implying a possible loss of 2.66 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -17.28 percent. 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.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 2 analysts increased their quarterly estimates, while 6 analysts made negative revisions. During this time, 5 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 3 analysts that revised their FY estimates downwards.
SLG has an estimated earnings growth rate of 583.75 percent as forecasted by analysts. 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, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, even though it may be more relevant to compare the ratio to that of a firm's competitors. SLG has a PEG ratio of 0.19.
In the last 52-weeks, SLG has achieved a high of 120.63 and a low of 93.90. Today's price is 9.96 percent above the 52-week low, and below the high by 14.41 percent. SLG has a P/E 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.