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.
MAC was given price targets by several analysts. The maximum price target given was 82, implying potential capital gains of 41.75 percent. The most pessimistic analyst gave a price target of 54, implying potential capital losses 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. The average change in earnings estimates over the last 90 days is 8.87 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 1.56 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 20.59 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' 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.
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 that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of MAC is 0.21.
MAC has a 52-week high of 94.51 and a 52-week low of 56.06. Today's price is 3.19 percent above the 52-week 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.