In recent trading, shares of Kimco Realty Corp (Symbol: KIM) have crossed above the average analyst 12-month target price of $25.34, changing hands for $25.37/share. When a stock reaches an analyst’s set target, they typically have two options: either downgrade the stock’s valuation or adjust their target price upward. The choice may depend on recent business developments that could be influencing the stock’s rise—if the outlook appears positive, a price increase may be warranted.
Diverse Analyst Opinions on Kimco Realty
Within the Zacks coverage universe, there are 19 analyst targets contributing to the average for Kimco Realty Corp. While the average gives a nice overview, there are differences among analysts. Some predict a lower price, with one analyst targeting $20.00, while another sees potential as high as $30.00. The standard deviation among these targets stands at $2.309, indicating varying levels of confidence.
Understanding Market Sentiment
The idea behind assessing the average KIM price target is to leverage the “wisdom of crowds,” integrating individual expert opinions into a single figure. With KIM trading above the average target price of $25.34/share, investors now have an opportunity to evaluate whether this is a temporary peak or the start of an upward trend. They may need to consider if the current valuation feels stretched or if a further price increase is attainable. Below is a breakdown of current analyst ratings for Kimco Realty Corp:
| Recent KIM Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 9 | 9 | 10 | 9 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 13 | 13 | 13 | 13 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.18 | 2.18 | 2.13 | 2.18 |
The average rating presented above ranges from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. This analysis draws on data from Zacks Investment Research via Quandl.com. For more information, access the latest Zacks research report on KIM—FREE.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
