Barclays maintains "Overweight" rating on Kimco Realty (KIM) and raises price target from $25 to $26. Analyst Richard Hightower expects an 8.69% upside from the current price of $22.34. The average brokerage recommendation is 2.5, indicating "Outperform" status.
Barclays has maintained its "Overweight" rating on Kimco Realty (KIM) and raised the price target from $25 to $26. Analyst Richard Hightower expects an 8.69% upside from the current price of $22.34. The average brokerage recommendation is 2.5, indicating an "Outperform" status [1].
Kimco Realty, a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., has been facing a mixed environment with conflicting signals. While large-cap money flows have been strong, technical indicators remain bearish, and fundamental performance is weak. Analyst ratings are divided, with a simple average rating of 3.50 and a performance-weighted rating of 1.79, highlighting a generally pessimistic outlook [1].
The company recently posted better-than-expected earnings of $0.44 per share, marking a 5.0% year-over-year revenue increase. However, the technical outlook is bearish, with an internal score of 3.95. The stock has shown several negative patterns, including Marubozu White and WR Overbought, which indicate overbought conditions and potential for a pullback [1].
Institutional investors continue to show interest in Kimco Realty, with a large inflow ratio of 49.04% and an extra-large inflow ratio of 47.97%. However, the company faces challenges in liquidity and profitability, with a days sales outstanding score of 119.33 days and a gross profit margin of 21.28% [1].
Barclays' new price target of $26 reflects a more optimistic view, suggesting that the company's recent earnings performance and strong institutional buying may outweigh the bearish technical indicators. Investors should monitor the company's upcoming earnings and sector developments to gauge any potential reversal in sentiment.
References:
[1] https://www.ainvest.com/news/stock-analysis-kimco-realty-outlook-mixed-signals-weak-technicals-strong-money-flow-2508/
Comments
No comments yet