Are Analysts Too Bullish On Apartment Investment & Management Co (AIV)

Apartment Investment & Management Co (NYSE:AIV) currently has a daily average trading volume of 1.01M but it saw 1469125 shares traded in last market. With a market cap of 1.29B USD, the company’s current market price of $9.12 came rising about 2.59 while comparing to the previous closing price of $8.89. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.99 and as low as $6.59. In the recent trading on the day, stock has struck highest price mark of $8.96 while lowest mark touched by it was $9.17.

Taking a look at 20-day trading activity of Apartment Investment & Management Co (AIV) gives us an average price of $8.62, while its current price level is 1.45% below from 52-week high level whereas it is 38.41% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $8.67 while that of 200 days or SMA-200 reads an average of $8.55. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.34% during that period while stretching the period over a month that decreases to 3.19%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 72.02 which implies that the stock is in overbought territory.

Scotiabank upgraded its recommendation for the stock as a “Sector Perform” from “Sector Underperform” on December 04, 2020 while assigning a price target of $41. Citigroup issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $40 and $33.

Over the week, AIV’s stock price is moving 12.96% up while it is 10.91% when we observe its performance for the past one month. Year-to-date it is 7.50% up and over the past year, the stock is showing an upside performance of 24.79%.

The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Apartment Investment & Management Co’s total number of outstanding shares is 136.91M with 8.52% of that held by the insiders while 86.95% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -15.16% and return on equity (ROE) at -66.11%. Stock’s beta reads 1.40. Stock has a price to book (P/B) ratio of 5.43 while price to sale or P/S ratio amounts to 6.32. Its return on asset (ROA) is -11.31% on average.