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 most optimistic analyst gave a price target of 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. 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. 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. Over the past month, 0 analysts increased their quarterly estimates, while 2 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 2 analysts decreased their estimates.
The growth rate of MAC's earnings is estimated by analysts to be 301.87 percent. The PEG ratio of a stock is another value frequently studied by investors. 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. 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. Today's price is 3.19 percent above the 52-week low, and 38.79 percent lower than its 52-week 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 stock has a market capitalization of $8.68 billion. MAC is estimated to release their earnings results for the quarter on 0000-00-00, days from today.