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 maximum price target given was 32, implying a possible profit of 22.94 percent. The lowest price target was 28, which equates to a potential downside of 7.57 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -6.25 percent. That number becomes 300 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 8 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 533.33 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, 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, while 1 analysts decreased their estimates.
Analysts estimate earnings of CLI to grow at a rate of 222.19 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. CLI has a PEG ratio of 0.16.
CLI has a 52-week high of 29.70 and a 52-week low of 24.59. Today's price is 5.86 percent above the 52-week 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 stock has a market capitalization of $2.35 billion. CLI's next earnings release will be on 0000-00-00, which is days away.