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.
Many analysts weighed in on price targets for MAC. The highest price target was 82, which equates to a potential upside of 41.75 percent. The lowest price target was 54, implying a possible loss of -6.66 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes 8.87 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 1.56 percent. If we look at the last 90 days instead, we find a net average change of 20.59 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, 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. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of MAC is 0.21.
MAC has traded between a high of 94.51 and a low of 56.06 over the past year. Currently the stock is 3.19 percent higher than its low, and below the high by 38.79 percent. 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.