Analyst Ratings for Macerich Co. (MAC)Updated: 2017-07-29
Shares of Macerich Co. (NYSE:MAC) have received a consensus rating of Hold from Wall Street analysts. A consensus rating of Hold was previously issued for MAC last month.
Of the 21 analysts covering the stock, 4 gave it a buy rating, 0 issued an overweight rating, 16 issued a hold rating, 0 issued an underweight rating, and 1 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 1. During this time, the number of analysts bearish on the stock has increased by 0.
Investment analysts gave a few price targets for MAC. The maximum price target given was 82, which equates to a potential upside of 41.75 percent. The most pessimistic analyst gave a price target of 54, implying a possible loss of -6.66 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 8.87 percent. Meanwhile, fiscal year estimates have been revised upwards by 1.56 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 20.59 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, 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 2 analysts made negative revisions to their fiscal year's estimates.
MAC has an estimated earnings growth rate of 301.87 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. MAC has a PEG ratio of 0.21.
In the last 52-weeks, MAC has achieved a high of 94.51 and a low of 56.06. The current market price is above the trailing year's low by 3.19 percent, and 38.79 percent below the high. MAC has a P/E ratio of 62.37. Investors typically compare the P/E ratio to a company's peers in the industry. The MAC value stock report compares MAC to some of its peers using value stock charts. The stock has a market capitalization of $8.68 billion. MAC's next earnings release will be on 0000-00-00, which is days away.