September 17, 2024
Analysts' ratings for W.P. Carey (NYSE:WPC) have been a mixed bag in the last quarter, with opinions ranging from bullish to bearish. A total of 7 analysts have weighed in on the company's future prospects, providing valuable insights into the changing sentiments over the past 30 days and the preceding months.
For a concise overview of recent ratings, we can refer to the ratings table. In the last 30 days, the ratings have shifted slightly, with 1 analyst upgrading their rating and 1 analyst downgrading. This is in comparison to the preceding months, where there were more upgrades and downgrades.
The ratings table also reveals that the majority of analysts are somewhat bullish or indifferent about W.P. Carey's prospects. However, it is essential to remember that past ratings do not necessarily predict future performance.
Analysts have also provided valuable insights into W.P. Carey's future through their assessments of 12-month price targets. The average target is $63.43, with a high estimate of $68.00 and a low estimate of $60.00. This current average reflects an increase of 2.08% from the previous average price target of $62.14.
To put these numbers into perspective, we can analyze the recent actions of key analysts. Steve Sakwa from Evercore ISI Group raised his rating to In-Line, with a price target of $66.00, up from $63.00. James Feldman from Wells Fargo also raised his rating to Equal-Weight, with a price target of $62.00, up from $60.00.
On the other hand, Nicholas Yulico from Scotiabank lowered his rating to Sector Perform, with a price target of $60.00, down from $61.00. Brad Heffern from RBC Capital also lowered his rating to Outperform, with a price target of $62.00, down from $63.00.
It is essential to remember that analyst ratings and price targets are subject to change. As market conditions evolve and company performance changes, analysts may update their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments.
W.P. Carey's standing among financial experts becomes clearer with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
These key analyst updates provide valuable insights into W.P. Carey's future prospects. While some analysts are more bullish than others, it is essential to analyze these updates in context and consider multiple perspectives before making any investment decisions.
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