The stock price of Phillips Edison & Company Inc (NASDAQ: PECO) has surged by 0.09 when compared to previous closing price of 32.64, but the company has seen a 2.13% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-07-01 that CINCINNATI, July 01, 2024 (GLOBE NEWSWIRE) — Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of grocery-anchored neighborhood shopping centers, today announced that on June 25, 2024, its Board of Directors (the “Board”) increased the size of the Board from nine to 10 members and appointed Devin Murphy to the Board, effective July 2, 2024.
Is It Worth Investing in Phillips Edison & Company Inc (NASDAQ: PECO) Right Now?
Phillips Edison & Company Inc (NASDAQ: PECO) has a higher price-to-earnings ratio of 69.42x compared to its average ratio. PECO has 36-month beta value of 0.56. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for PECO is 121.71M, and currently, short sellers hold a 2.11% ratio of that float. The average trading volume of PECO on July 04, 2024 was 661.31K shares.
PECO’s Market Performance
PECO’s stock has seen a 2.13% increase for the week, with a 2.09% rise in the past month and a -4.61% fall in the past quarter. The volatility ratio for the week is 1.34%, and the volatility levels for the past 30 days are at 1.57% for Phillips Edison & Company Inc The simple moving average for the last 20 days is 1.81% for PECO stock, with a simple moving average of -4.66% for the last 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 1.05% 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 -13.84% of loss for the given period.
Volatility was left at 1.57%, however, over the last 30 days, the volatility rate increased by 1.34%, as shares surge +3.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.47% lower at present.
During the last 5 trading sessions, PECO rose by +2.47%, which changed the moving average for the period of 200-days by -6.80% in comparison to the 20-day moving average, which settled at $32.14. In addition, Phillips Edison & Company Inc saw -10.44% 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 9.83. The receivables turnover for the company is 5.43for trailing twelve months and the total asset turnover is 0.13.
Conclusion
To put it simply, Phillips Edison & Company Inc (PECO) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
