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 maximum price target given was 32, which equates to a potential upside of 22.94 percent. The lowest 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. Meanwhile, fiscal year estimates have been revised upwards by 8 percent, compared to last month. 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 have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 2 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, 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. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, 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. The current market price is above the trailing year's low by 5.86 percent, 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 stock has a market capitalization of $2.35 billion. CLI is estimated to release their earnings results for the quarter on 0000-00-00, days from today.