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.
Several price targets were given for MAC by the analysts covering the stock. The highest price target 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. 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 0 percent. The average change in earnings estimates over the last 90 days is 8.87 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 1.56 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 20.59 percent.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, while 2 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts decreased their estimates.
Analysts estimate earnings of MAC to grow at a rate of 301.87 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. 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. MAC has a PEG ratio of 0.21.
In the trailing 52-weeks, MAC hit 94.51 at the highest peak, while it's lowest trading point was 56.06. Today's price is 3.19 percent above the 52-week low, and 38.79 percent below the high. MAC has a price/earnings 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 market cap of MAC is $8.68 billion. MAC will post this quarters earnings in days, on 0000-00-00.