Stock Watch: Following the Consensus Target Price for Retail Opportunity Investments Corp. (NASDAQ:ROIC)

After a recent review, we have noted that shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) have an average target price of $18.72. This is the consensus target price provided by analysts used by Zacks Research. Professional sell-side analysts that cover the stock are usually diligently monitoring the company to gauge future stock price movements. Price target projections can be calculated using alternate methods, and they can differ from one analyst to another. Many investors will track stock target prices, especially when analysts update their projections. 

Investors are constantly trying to set themselves up for success when dealing with the stock market. This may mean tracking the market from a variety of alternate angles. Keeping tabs on the overall economic climate can help provide valuable insight. Taking a look at the bigger picture can help investors filter down and sort out issues at the sector and individual company level. Making sense of the seemingly endless amount of data can be quite a challenge for the investor. Once investors become familiar with the data, they can start to devise a plan to help use the information to their advantage. Even though thousands of investors will have access to the same set of data, learning how to trade the data can be extremely important. 

Taking a look at the current consensus broker rating for Retail Opportunity Investments Corp. (NASDAQ:ROIC), we note that the ABR is 2.63. This Zacks consensus rating follows a numerical scale where a number in the 1-2 range generally represents a Buy, a 3 would indicate a Hold and 4-5 signals a Sell rating. In terms of the number of bullish analysts that have the stock rated a Buy or Strong Buy, we can see that the number is currently 3.

Investors may be following some historical price data on shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC). Over the past 12 weeks, the stock has seen a change of 1.01%. If we go back to the beginning of the year, we can see that shares have changed 6.86%. Over the last 4 weeks, shares have seen a change of -5.09%. Over the last 5 trading sessions, the stock has moved 0.41%. Investors will be monitoring stock activity over the next few weeks to try and gauge which way the momentum is leaning. Checking on some possible support and resistance levels, we have noted that that the 52-week high is currently $19.74, and the 52-week low is currently $15.46. When shares are trading close to the 52-week high or 52-week low, investors might be paying added attention. Looking at some recent action, we note that the stock has been seen trading near the $16.97 mark.

We can now shift the focus to some company earnings data. Based on projections provided by 8 individual Wall Street analysts polled by Zacks Research, Retail Opportunity Investments Corp. (NASDAQ:ROIC) has a current quarter EPS consensus estimate of 0.29. For the prior reporting period, the company posted quarterly earnings per share of 0.29. As earnings season continues, investors will be closely tracking analyst estimates. Sell-side analysts often make updates before and after the company reports earnings numbers. Following analyst estimate updates leading up to the earnings release may offer some good insight into the direction that the estimates are trending. Investors will be watching to see which companies post the largest earnings surprises this quarter.

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