Can analysts adopt a bullish outlook for Paramount Group, Inc. (NYSE:PGRE)?

February 23, 2018 - By Nellie Frank

 Can analysts adopt a bullish outlook for Paramount Group, Inc. (NYSE:PGRE)?

Paramount Group, Inc. (NYSE:PGRE) Ratings Coverage

Among 10 analysts covering Paramount Group (NYSE:PGRE), 4 have Buy rating, 2 Sell and 4 Hold. Therefore 40% are positive. Paramount Group had 19 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, February 6 by Goldman Sachs. On Tuesday, September 8 the stock rating was maintained by Evercore with “Buy”. Morgan Stanley downgraded the shares of PGRE in report on Tuesday, June 13 to “Underweight” rating. The rating was upgraded by Goldman Sachs to “Buy” on Tuesday, November 10. The stock of Paramount Group, Inc. (NYSE:PGRE) has “Neutral” rating given on Thursday, August 25 by BTIG Research. Goldman Sachs maintained Paramount Group, Inc. (NYSE:PGRE) rating on Thursday, June 22. Goldman Sachs has “Sell” rating and $15 target. The rating was upgraded by Wells Fargo on Tuesday, December 13 to “Outperform”. Mizuho maintained Paramount Group, Inc. (NYSE:PGRE) rating on Monday, November 7. Mizuho has “Neutral” rating and $16 target. The rating was maintained by Mizuho on Thursday, February 25 with “Neutral”. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Tuesday, December 13. Below is a list of Paramount Group, Inc. (NYSE:PGRE) latest ratings and price target changes.

06/02/2018 Broker: Goldman Sachs Rating: Hold New Target: $16.0 Upgrade

The stock increased 2.00% or $0.28 during the last trading session, reaching $14.29. About 369,746 shares traded. Paramount Group, Inc. (NYSE:PGRE) has declined 1.39% since February 23, 2017 and is downtrending. It has underperformed by 18.09% the S&P500.

Paramount Group, Inc. is a real estate firm that invests in Class A office properties located in select central business district submarkets of New York City, Washington, D.C. and San Francisco. The company has market cap of $3.79 billion.

More important recent Paramount Group, Inc. (NYSE:PGRE) news were published by: Benzinga.com which released: “Goldman Sachs: For Paramount Group, Improving Micro Conditions Balance Macro …” on February 06, 2018, also Twst.com published article titled: “Paramount Group Inc.: Paramount Announces Release Date for Fourth Quarter 2017 …”, Stockhouse.com published: “Paramount Group, Inc. to Host Earnings Call” on February 16, 2018. More interesting news about Paramount Group, Inc. (NYSE:PGRE) was released by: Seekingalpha.com and their article: “Paramount Group’s (PGRE) CEO Albert Behler on Q4 2017 Results – Earnings Call …” with publication date: February 16, 2018.

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