Stay Ahead of Wall Street. Find out what is happening to Brixmor Property Group Inc. (NYSE:BRX) stock today? Its price is jumping 1.48 points, trading at $11.58 levels, and is up 14.65% from its previous close of $10.1. The shares seem to have an active trading volume day with a reported 1973318 contracts so far this session. BRX shares had a relatively better volume day versus average trading capacity of 3.13 million shares, but with a 0.3 billion float and a -18.55% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for BRX stock indicates that the average analyst price target is $20.97 per share. This means the stock has a potential increase of 81.09% from where the BRX share price has been trading recently.
During the recent trading session for Brixmor Property Group Inc. (NYSE:BRX), the company witnessed their stock rise $1.83 over a week and tumble down $-7.53 from the price 20 days ago. When compared to their established 52-week high of $22.74, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 11/18/19. The recent low of $8.3 stood for a -49.08% since 03/23/20, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.37 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Brixmor Property Group Inc., the two-week RSI stands at 36.88. This figure suggests that BRX stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current BRX readings is similarly very revealing as it has a stochastic reading of 17.74% at this stage. This figure means that BRX share price today is being overbought.
Technical chart claims that Brixmor Property Group Inc. (BRX) would settle between $10.52/share to $10.93/share level. However, if the stock price goes below the $9.3 mark, then the market for Brixmor Property Group Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $8.49 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.91. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at BofA/Merrill lowered their recommendation on shares of BRX from Buy to Neutral in their opinion released on March 23. SunTrust analysts have lowered their rating of Brixmor Property Group Inc. (NYSE:BRX) stock from Buy to Hold in a separate flash note issued to investors on January 16. Analysts at Jefferies, made their first call for the equity with a Hold recommendation, according to a research note that dated back to January 15.
BRX equity has an average rating of 2.71, with the figure leaning towards a bullish end. 16 analysts who tracked the company were contacted by Reuters. Amongst them, 11 rated the stock as a hold while the remaining 5 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 4 analysts rated Brixmor Property Group Inc. (NYSE:BRX) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, BRX stock price is currently trading at 11.66X forward 12-month Consensus EPS estimates, and its P/E ratio is 11 while for the average stock in the same group, the multiple is 14.4. Brixmor Property Group Inc. current P/B ratio of 1.1 means it is trading at a discount against its industry’s 1.4.
Brixmor Property Group Inc. (BRX)’s current-quarter revenues are projected to climb by nearly 0.4% to hit $292250, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 0.7% from $1.17 billion to a noteworthy $1.18 billion. At the other end of the current quarter income statement, Brixmor Property Group Inc. is expected to see its adjusted earnings surge by roughly -4.8% to hit $0.2 per share. For the fiscal year, BRX’s earnings are projected to climb by roughly -10.9% to hit $0.82 per share.