A share price of Macerich Co. [MAC] is currently trading at $16.39, up 3.08%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MAC shares have gain 2.50% over the last week, with a monthly amount drifted -4.26%, and not seem to be holding up well over a long-time horizon.
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On 12, March 2024, Macerich Marks 30 Years as Public Company, Rings Closing Bell at New York Stock Exchange. In a post published today on Yahoo Finance, New Company President & CEO Jack Hsieh Joined by Senior Executives for Celebratory Milestone.
From an analyst’s perspective:
Macerich Co. [NYSE: MAC] stock has seen the most recent analyst activity on October 02, 2023, when Piper Sandler upgraded its rating to a Neutral and also boosted its price target to $12 from $11. Piper Sandler downgraded its rating to a Underweight and decreased its price target to $14 on April 18, 2022. Piper Sandler upgraded its rating to a Neutral and raised its price target to $23 on November 04, 2021. Evercore ISI upgraded its rating to In-line for this stock on October 19, 2021, and upped its price target to $18. In a note dated July 15, 2021, Jefferies upgraded an Hold rating on this stock and boosted its target price from $10 to $19.
Macerich Co. experienced fluctuations in its stock price throughout the past year between $8.57 and $17.69. Currently, Wall Street analysts expect the stock to reach $15.33 within the next 12 months. Macerich Co. [NYSE: MAC] shares were valued at $16.39 at the most recent close of the market. An investor can expect a potential drop of -6.47% based on the average MAC price forecast.
Analyzing the MAC fundamentals
Trailing Twelve Months sales for Macerich Co. [NYSE:MAC] were 881.37M which represents 3.80% growth. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at -0.32%, and Net Profit Margin reading is -0.31%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.11 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.11.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.02 points at the first support level, and at 15.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.63, and for the 2nd resistance point, it is at 16.87.
Macerich Co. [MAC] reported earnings per share of $0.25 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.08/share, meaning a difference of $0.17 and a surprise factor of 212.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$1.22 per share as compared to estimates of -$0.05 per share, a difference of -$1.17 representing a surprise of -2,340.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 4.01, the price to book ratio is 1.45.
Transactions by insiders
Recent insider trading involved COPPOLA EDWARD C, President, that happened on Feb 20 ’24 when 50000.0 shares were sold.
