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.
A number of analysts gave price targets for CLI. The most optimistic analyst gave a price target of 32, implying potential capital gains of 22.94 percent. The lowest price target was 28, implying potential capital losses 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.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -6.25 percent. This can be compared with the average change in earnings estimates over the past 3 months, which 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.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 1 analysts decreased their estimates.
CLI has an estimated earnings growth rate of 222.19 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. CLI has a PEG ratio of 0.16.
In the last 52-weeks, CLI has achieved a high of 29.70 and a low of 24.59. Currently the stock is 5.86 percent higher than its low, and 12.36 percent below the high. CLI has a P/E 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.