Wolfe Research raised the price target for the Extra Space Storage Inc. (NYSE:EXR) stock from “an Outperform” to “a Peer perform”. The rating was released on January 18, 2023, according to finviz. We previously noted in another research note published on January 17, 2023 by Truist that downgraded the stock from a Buy to a Hold with a price target of $160 for EXR stock. The research report from Raymond James has upgraded the stock from Mkt Perform to Outperform, with a price target set at $170. The stock was downgraded by JP Morgan, who disclosed in a research note on December 16, 2022, from Overweight to Neutral and set the price objective to $167. In their research brief published November 21, 2022, Evercore ISI analysts downgraded the Extra Space Storage Inc. stock from In-line to Underperform with a price target of $150.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Extra Space Storage Inc. (NYSE:EXR) raised 0.54% to close Tuesday’s market session at $152.09, higher as compared to yesterday’s close. The stock price fluctuated between $150.34 and $153.36 throughout the trading session with the volume trading being 1536119 shares, which represented a significant variation when compared to the three months average volume of 1.03 million shares. The firm’s stock price fluctuated -0.66% within the last five trades and 3.48% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -14.58% in the last 6 months and -8.36% was subtracted to its value over the previous 3 months. EXR stock is trading at a margin of 2.57%, -0.35% and -13.39% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, EXR deals in the Real Estate domain. The stock is trading -31.60 percent below its 52-week high and 8.66 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -24.3. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Extra Space Storage Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 59.20 percent and the profit margin is 50.10 percent, and the company has reported a gross margin of 75.60 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $20.24 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Extra Space Storage Inc. (NYSE:EXR) is 22.08. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 24.33. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 10.97 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 6.27, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.10 percent of Extra Space Storage Inc. shares are owned by insiders, and 99.20 percent are held by financial institutions. Margolis Joseph D, the Chief Executive Officer at Extra Space Storage Inc. (EXR) has sold 5,000 shares of firm on Apr 01 at a price of $208.34 against the total amount of $1.04 million. In another inside trade, Woolley Kenneth M., Director of Extra Space Storage Inc. (NYSE:EXR) bought 10,500 shares of the firm on Mar 07 for a total worth of $2.11 million at a price of $200.75. An inside trade which took place on Mar 02, EVP/Chief Legal Officer of Extra Space Storage Inc. McNeal Gwyn Goodson sold 3,125 shares of firm against total price of $0.6 million at the cost of $192.00 per share.