Phillips Edison & Company Inc. (NASDAQ:PECO) saw an upside of 0.20% to close Friday at $34.24 after adding $0.07 on the day. The 5-day average trading volume is 567,760 shares of the company’s common stock. It has gained $36.06 in the past week and touched a new high 1 time within the past 5 days. An average of 715,240 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,480,838.
PECO’s 1-month performance is -3.17% or -$0.01 on its low of $33.50 reached on 07/26/23. The company’s shares have touched a 52-week low of $27.07 and high of $36.46, with the stock’s rally to the 52-week high happening on 08/10/23. YTD, PECO has achieved 7.54% or $2.40 and has reached a new high 16 times. However, the current price is down -6.09% from the 52-week high price.
Insider Transactions
PECO stock investors last saw insider trading activity on May 16.Massey Paul (Director) most recently sold 9,600 shares at $31.42 per share on Nov 21. This transaction cost the insider $301,632.
Valuation Metrics
PECO stock has a beta of 0.66. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.75 while the price-to-book (PB) in the most recent quarter is 1.82, with the price to cash flow ratio at 23.65.
As well, the company’s long term debt to equity for the quarter ending June 30 was 0.88, while the total debt to equity was 0.88. In terms of profitability, the gross margin trailing 12 months is 71.50%. The firm’s gross profit as reported stood at $412.15 million against revenue of $575.37 million.
Earnings Surprise
For the quarterly period ending June 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 6.37% to $14.45 million, while revenue of $16.62 million was -15.02% off the previous quarter. Analysts expected PECO to announce $0.1 per share in earnings in its latest quarter, but it posted $0.12, representing a 20.00% surprise. EBITDA for the quarter stood at more than $97.75 million. PECO stock balance sheet for the quarter ending June 30 shows that total liabilities totaled 2.18 billion, with total debt at $1.95 billion. Shareholders hold equity totaling $117.4 million.
Let’s look briefly at Phillips Edison & Company Inc. (PECO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 31.49% to suggest the stock is trending Neutral, with historical volatility in this time period at 10.60%.
The stock’s 5-day moving average is $34.79, reflecting a -4.78% or -$1.72 change from its current price. PECO is currently trading -3.22% above its 20-day SMA, +10.38% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +5.65% and SMA200 by+13.60%.
Stochastic %K and %D was 11.42% and 25.22% and the average true range (ATR) pointed at 0.66. The RSI (14) points at 41.69%, while the 14-day stochastic is at 17.78% with the period’s ATR at 0.68. The stock’s 9-day MACD Oscillator is pointing at -1.00 and -1.11 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Phillips Edison & Company Inc. (NASDAQ: PECO), Wolfe Research downgraded it to a Peer perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for PECO stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate PECO as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is PECO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $34.00 and a high of $44.00, with their median price target at $36.00. Looking at these predictions, the average price target given by analysts is for Phillips Edison & Company Inc. (PECO) stock is $37.38.
