Analyst David Rodgers from Baird has updated his coverage on EastGroup Properties (EGP, Financial). On May 7, 2025, Baird maintained its "Outperform" rating for the stock, indicating a positive outlook for EastGroup Properties' future performance.
Despite maintaining the rating, Baird adjusted the price target for EGP, lowering it from its previous target of $194.00 to a new target of $190.00. This adjustment represents a 2.06% decrease in the price target.
EastGroup Properties (EGP, Financial), listed on the NYSE, continues to attract attention from analysts, with Baird's adjustment indicating ongoing evaluation of the company's market performance and potential growth. Investors may find this information useful as they consider their positions in EGP stock.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for EastGroup Properties Inc (EGP, Financial) is $186.61 with a high estimate of $218.00 and a low estimate of $165.00. The average target implies an upside of 12.75% from the current price of $165.51. More detailed estimate data can be found on the EastGroup Properties Inc (EGP) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, EastGroup Properties Inc's (EGP, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for EastGroup Properties Inc (EGP, Financial) in one year is $202.06, suggesting a upside of 22.09% from the current price of $165.505. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the EastGroup Properties Inc (EGP) Summary page.
