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Is this Large Market Cap Stock target price reasonable for EastGroup Properties Inc. (NYSE:EGP)?

The company in question is, EastGroup Properties Inc. (NYSE:EGP) currently with a stock price of 69.19 (0.03% today). The market cap for EastGroup Properties Inc. is 2270.85, and is in the sector Financial, and REIT РIndustrial industry. The target price for EastGroup Properties Inc. is 71.83. Currently EastGroup Properties Inc. is trading with a P/E of 25.14, and a forward P/E of 38.95. Average volume for EastGroup Properties Inc. is 170.75 and so far today it is 58901.

Performance in the last year for EastGroup Properties Inc. has been 27.65%. For EPS growth, EastGroup Properties Inc. has seen a growth of -2.50%, and is looking to grow in the next year to -38.55%. More long term stats show that EPS growth has been 17.00% over the last five years and could be 7.70% for the next five years. EastGroup Properties Inc. has seen sales growth quarter over quarter at 7.10%, with EPS growth quarter over quarter at 199.40%. The 20-day simple moving average is -3.53%, with the 200-day simple moving average coming to 10.24%.

Since the IPO date for EastGroup Properties Inc. on the 3/17/1992, EastGroup Properties Inc. has seen performance year to date to be 27.96%. With EastGroup Properties Inc. trading at 69.19, the dividend yield is 3.59%, and the EPS is 2.75.

So could EastGroup Properties Inc., be undervalued? Well as said before P/E is 25.14. The PEG is 3.27, P/S is 9.34 and the P/B is at 3.71. The P/cash is *TBA, with P/free cash flow at *TBA.

EastGroup Properties Inc. ability to deal with debt shows that the current ratio is *TBA, and the quick ratio is *TBA. This is with long term debt/equity at 1.61, and total debt/equity at 1.61.

In terms of margins, EastGroup Properties Inc. has a gross margin of 71.00%, an operating margin of 33.60% and a profit margin of 36.60%.Payout ratio for EastGroup Properties Inc. is 87.00%. Return on assets come to 5.40% with return on investment coming to 5.00%.

Insider ownership for EastGroup Properties Inc., is at 2.20% and institutional ownership comes to 97.30%. Outstanding shares are at 32.83. While shares float is 31.75. The float short is currently 4.55%, and short ratio is 8.47.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Peter Clarke

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