The stock of Phillips Edison & Company Inc (NASDAQ: PECO) has decreased by -0.03 when compared to last closing price of 31.83.Despite this, the company has seen a loss of -3.02% in its stock price over the last five trading days. prnewswire.com reported 2024-05-21 that PHILADELPHIA, May 21, 2024 /PRNewswire/ — Hilco Redevelopment Partners (HRP) today announced the appointment of founder and CEO Roberto E. Perez to the board of directors for PECO, Pennsylvania’s largest electric and natural gas distribution company.
Is It Worth Investing in Phillips Edison & Company Inc (NASDAQ: PECO) Right Now?
Phillips Edison & Company Inc (NASDAQ: PECO) has a price-to-earnings ratio of 67.62x that is above its average ratio. Additionally, the 36-month beta value for PECO is 0.55. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PECO is 121.70M and currently, short sellers hold a 2.74% ratio of that float. The average trading volume of PECO on May 22, 2024 was 633.01K shares.
PECO’s Market Performance
PECO stock saw a decrease of -3.02% in the past week, with a monthly decline of -4.99% and a quarterly a decrease of -7.98%. The volatility ratio for the week is 1.42%, and the volatility levels for the last 30 days are 1.64% for Phillips Edison & Company Inc (PECO). The simple moving average for the past 20 days is -2.92% for PECO’s stock, with a -8.20% simple moving average for the past 200 days.
Analysts’ Opinion of PECO
Many brokerage firms have already submitted their reports for PECO stocks, with Mizuho repeating the rating for PECO by listing it as a “Buy.” The predicted price for PECO in the upcoming period, according to Mizuho is $37 based on the research report published on February 23, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see PECO reach a price target of $41. The rating they have provided for PECO stocks is “Buy” according to the report published on January 30th, 2024.
Wells Fargo gave a rating of “Underweight” to PECO, setting the target price at $35 in the report published on September 20th of the previous year.
PECO Trading at -5.70% from the 50-Day Moving Average
After a stumble in the market that brought PECO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.09% of loss for the given period.
Volatility was left at 1.64%, however, over the last 30 days, the volatility rate increased by 1.42%, as shares sank -4.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.74% lower at present.
During the last 5 trading sessions, PECO fell by -3.11%, which changed the moving average for the period of 200-days by -11.67% in comparison to the 20-day moving average, which settled at $32.71. In addition, Phillips Edison & Company Inc saw -12.77% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PECO
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.33 for the gross margin
The net margin for Phillips Edison & Company Inc stands at 0.09. The total capital return value is set at 0.04. Equity return is now at value 2.57, with 1.20 for asset returns.
Based on Phillips Edison & Company Inc (PECO), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 0.98. The interest coverage ratio of the stock is 2.07.
Currently, EBITDA for the company is 390.64 million with net debt to EBITDA at 5.31. When we switch over and look at the enterprise to sales, we see a ratio of 9.65. The receivables turnover for the company is 5.43for trailing twelve months and the total asset turnover is 0.13.
Conclusion
In conclusion, Phillips Edison & Company Inc (PECO) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
