Kinross Gold (KGC) Reaches $3.87 Formed H&S; 2 Bullish Analysts Covering EastGroup Properties, Inc. (EGP)

December 7, 2017 - By reb123z

Among 15 analysts covering Eastgroup Properties Inc. (NYSE:EGP), 2 have Buy rating, 1 Sell and 12 Hold. Therefore 13% are positive. Eastgroup Properties Inc. had 30 analyst reports since August 20, 2015 according to SRatingsIntel. Credit Suisse downgraded it to “Neutral” rating and $65 target in Thursday, August 20 report. The rating was maintained by BMO Capital Markets on Thursday, March 23 with “Hold”. The rating was upgraded by Bank of America on Wednesday, August 16 to “Hold”. KeyBanc Capital Markets upgraded EastGroup Properties, Inc. (NYSE:EGP) on Friday, July 15 to “Sector Weight” rating. Stifel Nicolaus downgraded the stock to “Hold” rating in Friday, July 22 report. The stock of EastGroup Properties, Inc. (NYSE:EGP) has “Hold” rating given on Monday, September 18 by Stifel Nicolaus. Morgan Stanley upgraded it to “Equal-Weight” rating and $76 target in Wednesday, April 12 report. The rating was maintained by SunTrust with “Sell” on Thursday, October 19. The rating was maintained by KeyBanc Capital Markets on Friday, September 22 with “Hold”. The rating was downgraded by Zacks to “Buy” on Friday, August 21. See EastGroup Properties, Inc. (NYSE:EGP) latest ratings:

13/11/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $76 New Target: $82 Maintain
06/11/2017 Broker: Bank of America Rating: Buy Old Target: $100 New Target: $103 Maintain
27/10/2017 Broker: SunTrust Rating: Sell New Target: $85.0 Maintain
30/10/2017 Broker: Citigroup Rating: Neutral Old Target: $84 New Target: $87 Maintain
23/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
23/10/2017 Broker: Cantor Fitzgerald Rating: Neutral Old Target: $79 New Target: $84 Maintain
23/10/2017 Broker: Mizuho Old Rating: Buy New Rating: Neutral Downgrade
20/10/2017 Broker: DA Davidson Rating: Hold New Target: $100.0
19/10/2017 Broker: SunTrust Rating: Sell New Target: $72.0 Maintain
22/09/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain

Kinross Gold Corporation (KGC) formed H&S with $3.52 target or 9.00% below today’s $3.87 share price. Kinross Gold Corporation (KGC) has $4.86B valuation. The stock decreased 0.77% or $0.03 during the last trading session, reaching $3.87. About 233,208 shares traded. Kinross Gold Corporation (NYSE:KGC) has declined 13.79% since December 7, 2016 and is downtrending. It has underperformed by 30.49% the S&P500.

Among 17 analysts covering Kinross Gold Corporation (NYSE:KGC), 8 have Buy rating, 0 Sell and 9 Hold. Therefore 47% are positive. Kinross Gold Corporation has $6 highest and $1.50 lowest target. $4.07’s average target is 5.17% above currents $3.87 stock price. Kinross Gold Corporation had 60 analyst reports since July 24, 2015 according to SRatingsIntel. RBC Capital Markets upgraded Kinross Gold Corporation (NYSE:KGC) on Monday, April 11 to “Outperform” rating. The rating was maintained by TD Securities with “Buy” on Thursday, October 19. The stock of Kinross Gold Corporation (NYSE:KGC) has “Hold” rating given on Friday, April 28 by Credit Suisse. The company was maintained on Monday, October 30 by RBC Capital Markets. The firm earned “Buy” rating on Tuesday, July 18 by RBC Capital Markets. The rating was downgraded by Canaccord Genuity on Tuesday, May 3 to “Hold”. The stock has “Hold” rating by Jefferies on Monday, September 18. The firm has “Buy” rating given on Tuesday, May 23 by Bank of America. Credit Suisse maintained the shares of KGC in report on Thursday, March 31 with “Outperform” rating. The stock has “Neutral” rating by Bank of America on Tuesday, November 22.

Analysts await Kinross Gold Corporation (NYSE:KGC) to report earnings on February, 21. They expect $0.04 earnings per share, up 200.00% or $0.08 from last year’s $-0.04 per share. KGC’s profit will be $50.27 million for 24.19 P/E if the $0.04 EPS becomes a reality. After $0.07 actual earnings per share reported by Kinross Gold Corporation for the previous quarter, Wall Street now forecasts -42.86% negative EPS growth.

EastGroup Properties, Inc., is a real estate investment trust. The company has market cap of $3.09 billion. The firm invests in real estate markets of the United States. It has a 37.77 P/E ratio. It is focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina.

Investors sentiment increased to 1.26 in Q2 2017. Its up 0.21, from 1.05 in 2017Q1. It increased, as 12 investors sold EastGroup Properties, Inc. shares while 57 reduced holdings. 27 funds opened positions while 60 raised stakes. 32.35 million shares or 1.74% more from 31.80 million shares in 2017Q1 were reported. Mason Street Advisors Ltd Liability Co has 8,359 shares for 0.02% of their portfolio. Creative Planning reported 0% of its portfolio in EastGroup Properties, Inc. (NYSE:EGP). Sg Americas Securities Limited Co owns 4,871 shares. State Teachers Retirement Systems has 91,525 shares for 0.02% of their portfolio. Manufacturers Life Insur The holds 25,374 shares. Natl Bank Of New York Mellon Corporation reported 514,947 shares. Cim Investment Mangement owns 4,332 shares. Stephens Ar owns 38,783 shares. Amp Capital Invsts Ltd stated it has 12,135 shares or 0.01% of all its holdings. Neuberger Berman Gp Limited Liability Corp holds 5,328 shares or 0% of its portfolio. Moreover, Hillsdale Investment Management has 0% invested in EastGroup Properties, Inc. (NYSE:EGP). Peddock Cap Advisors Limited Company reported 1,091 shares stake. Sumitomo Mitsui Trust Hldg holds 0% or 32,309 shares. Parametric Port Assocs Limited Co owns 62,958 shares. State Street holds 1.30 million shares or 0.01% of its portfolio.

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