The St. Joe Co. (NYSE:JOE) dropped 2% on Friday . The stock traded as low as $18.94 and last traded at $18.95, with a volume of 155,089 shares changing hands. The stock had previously closed at $19.34.

Separately, Zacks Investment Research raised shares of The St. Joe from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a research note on Wednesday, May 18th.

The company has a market capitalization of $1.40 billion and a PE ratio of 138.60. The firm’s 50 day moving average is $18.72 and its 200-day moving average is $17.14.

The St. Joe (NYSE:JOE) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.01. On average, analysts predict that The St. Joe Co. will post $0.12 EPS for the current year.

The St. Joe Company is a real estate development and operating company, asset management and operating company with real estate assets and operations concentrated primarily between Tallahassee and Destin, Florida. The Company has residential and commercial land-use entitlements in hand or in process.

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