Cousins Properties Incorporated (NYSE:CUZ) average daily volatility for this week is 1.42% which is less than the 1.76% recorded over the past month. Its shares dropped by -4.06% or -$0.41 from its last recorded high of $10.1 which it attained on March 21 to close at $9.69 per share. Over the past 52 weeks, the shares of Cousins Properties Incorporated has been trading as low as $7.53 before witnessing a massive surge by 28.69% or $2.16. This price movement has led to the CUZ stock receiving more attention and has become one to watch out for. It dipped by 0% on Sunday and this got the market worried. The stock’s beta now stands at 0.96 and when compared to its 200-day moving average and its 50-day moving average, CUZ price stands 7.96% above and 2.64% above respectively.
Cousins Properties Incorporated (CUZ) rose 0.31% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 12.41% and is now up by 22.66% since start of this year. A look at its monthly performance shows that the stock has recorded a 0.52% gain over the past 30 days. Its equity price climbed by 23.13% over the past three months which led to its overall six-month increase to stand at 11.89%.
Experts from research firms are bullish about the near-term performance of Cousins Properties Incorporated with most of them predicting a $10.35 price target on a short-term (12 months) basis. The average price target by the analysts will see a 6.81% rise in the stock and would lead to CUZ’s market cap to surge to $4.35B. The stock has been rated an average 1.6, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 5 analysts that track Cousins Properties Incorporated (NYSE:CUZ) and find out that 1 of them rated it as a Hold. 4 of the 4 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.
A look at CUZ technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 53.82 point. Its trading volume has lost -235977 shares compared to readings over the past three months as it recently exchanged 5414023 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 5650000 shares, and this is 0.96 times the normal volume.
The price of Verizon Communications Inc. (NYSE:VZ) currently stands at $59.09 after it went up by $0.1 or 0.17% and has found a strong support at $58.91 a share. If the VZ price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $58.73 mark would also be bad for the stock as it means that the stock would plunge by 0.61% from its current position. However, if the stock price is able to trade above the resistance point around $59.18, then it could likely surge higher to try and break the upward resistance which stands at $59.28 a share. Its average daily volatility over the past one month stands at 1.42%. The stock has plunged by 0.46% from its 52-weeks high of $58.82 which it reached on Nov. 20, 2018. In general, it is 22.02% above its 52-weeks lowest point which stands at $46.08 and this setback was observed on Sep. 05, 2018.
Analysts have predicted a price target for Verizon Communications Inc. (VZ) for 1 year and it stands at an average $59.91/share. This means that it would likely increase by 1.39% from its current position. The current price of the stock has been moving between $58.82 and $59.095. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $50. On the other hand, one analyst is super bullish about the price, setting a target as high as $65.
The VZ stock Stochastic Oscillator (%D) is at 27.49%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 1.87 which compares to the 3.26 recorded by the industry or the 3.02 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 12.35, which is lower than the 15.72 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -1.2% over the past five years.
Analysts view Verizon Communications Inc. (NYSE:VZ) as a Hold, with 2.5 consensus rating. Reuters surveyed 27 analysts that follow VZ and found that 17 of those analysts rated the stock as a Hold. The remaining 10 were divided, with 10 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Verizon Communications Inc. (VZ) shares or sell it if they already own it.
This post was originally published on *this site*