Paramount Group (NYSE:PGRE – Get Rating) was downgraded by Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research report issued on Wednesday, MarketBeat reports. They presently have a $6.50 target price on the financial services provider’s stock, down from their previous target price of $8.00. Morgan Stanley’s target price suggests a potential upside of 3.83% from the company’s current price.
Several other equities research analysts also recently commented on the stock. Mizuho reduced their target price on shares of Paramount Group from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, October 19th. Wells Fargo & Company reduced their target price on shares of Paramount Group from $6.00 to $5.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 18th. StockNews.com initiated coverage on shares of Paramount Group in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Evercore ISI downgraded shares of Paramount Group from an “in-line” rating to an “underperform” rating and reduced their target price for the company from $8.00 to $6.50 in a research note on Monday. Finally, TheStreet downgraded shares of Paramount Group from a “c” rating to a “d+” rating in a research note on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.80.
Paramount Group Trading Down 1.7 %
Shares of Paramount Group stock opened at $6.26 on Wednesday. The firm has a market capitalization of $1.38 billion, a PE ratio of 313.16 and a beta of 1.16. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.48 and a quick ratio of 3.48. The company’s fifty day moving average price is $6.42 and its two-hundred day moving average price is $7.27. Paramount Group has a 52-week low of $5.78 and a 52-week high of $11.53.
Institutional Trading of Paramount Group
Paramount Group Company Profile
Headquartered in New York City, Paramount Group, Inc is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.
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