The stock of Phillips Edison & Company Inc (PECO) has gone down by -1.59% for the week, with a -3.80% drop in the past month and a 6.14% rise in the past quarter. The volatility ratio for the week is 1.23%, and the volatility levels for the past 30 days are 1.62% for PECO. The simple moving average for the past 20 days is -4.25% for PECO’s stock, with a 3.71% simple moving average for the past 200 days.
Is It Worth Investing in Phillips Edison & Company Inc (NASDAQ: PECO) Right Now?
The price-to-earnings ratio for Phillips Edison & Company Inc (NASDAQ: PECO) is above average at 76.12x. The 36-month beta value for PECO is also noteworthy at 0.57. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 rating it as “hold,” and 1 rating it as “sell.”
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The public float for PECO is 121.81M, and at present, short sellers hold a 2.23% of that float. The average trading volume of PECO on October 11, 2024 was 721.76K shares.
PECO) stock’s latest price update
Phillips Edison & Company Inc (NASDAQ: PECO) has seen a decline in its stock price by -0.75 in relation to its previous close of 36.22. However, the company has experienced a -1.59% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-24 that CINCINNATI, Sept. 24, 2024 (GLOBE NEWSWIRE) — Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, will announce its Third Quarter 2024 earnings results on Thursday, October 24, 2024, after the market closes. PECO’s earnings release and supplemental information package will be posted on the Investor Relations section of the Company’s website at https://investors.phillipsedison.com/. Chairman and Chief Executive Officer Jeff Edison, President Bob Myers and Chief Financial Officer John Caulfield will host an earnings conference call, which will also be webcasted, on Friday, October 25, 2024, at 12:00 p.m. ET.
Analysts’ Opinion of PECO
Many brokerage firms have already submitted their reports for PECO stocks, with Wells Fargo repeating the rating for PECO by listing it as a “Equal Weight.” The predicted price for PECO in the upcoming period, according to Wells Fargo is $37 based on the research report published on August 28, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see PECO reach a price target of $37, previously predicting the price at $35. The rating they have provided for PECO stocks is “Buy” according to the report published on February 23rd, 2024.
Deutsche Bank gave a rating of “Buy” to PECO, setting the target price at $41 in the report published on January 30th of the current year.
PECO Trading at -1.74% 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 -8.00% of loss for the given period.
Volatility was left at 1.62%, however, over the last 30 days, the volatility rate increased by 1.23%, as shares sank -6.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.42% upper at present.
During the last 5 trading sessions, PECO fell by -1.59%, which changed the moving average for the period of 200-days by -2.79% in comparison to the 20-day moving average, which settled at $37.55. In addition, Phillips Edison & Company Inc saw -1.45% 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
- 0.34 for the gross margin
The net margin for Phillips Edison & Company Inc stands at 0.09. The total capital return value is set at 0.03. Equity return is now at value 2.62, with 1.22 for asset returns.
Based on Phillips Edison & Company Inc (PECO), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 0.92. The interest coverage ratio of the stock is 1.92.
Currently, EBITDA for the company is 390.64 million with net debt to EBITDA at 5.3. When we switch over and look at the enterprise to sales, we see a ratio of 10.34. The receivables turnover for the company is 5.72for trailing twelve months and the total asset turnover is 0.13.
Conclusion
In summary, Phillips Edison & Company Inc (PECO) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
