Analyst Ratings for Mack-Cali Realty Corp. (CLI)Updated: 2017-07-27
Shares of Mack-Cali Realty Corp. (NYSE:CLI) have received a consensus rating of Hold from Wall Street analysts. A consensus rating of Hold was previously issued for CLI last month.
3 analysts declared CLI a buy, 0 issued an overweight rating, 5 gave a hold rating, 1 issued an underweight rating, and 1 issued a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Investment analysts gave a few price targets for CLI. The most optimistic analyst gave a price target of 32, implying a possible profit of 22.94 percent. The most pessimistic price target was 28, implying a possible loss of 7.57 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -6.25 percent. The average change in earnings estimates over the last 90 days is 300 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 8 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 533.33 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 1 analysts that revised their FY estimates downwards.
CLI has an estimated earnings growth rate of 222.19 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. CLI has a PEG ratio of 0.16.
CLI has traded between a high of 29.70 and a low of 24.59 over the past year. Today's price is 5.86 percent above the 52-week low, and 12.36 percent lower than its 52-week high. CLI has a price/earnings ratio of 36.15. Investors typically compare the P/E ratio to a company's peers in the industry. The CLI value stock report compares CLI to some of its peers using value stock charts. The market cap of CLI is $2.35 billion. CLI's next earnings release will be on 0000-00-00, which is days away.