A share price of Macerich Co. [MAC] is currently trading at $17.57, down -0.45%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MAC shares have gain 5.65% over the last week, with a monthly amount glided 17.13%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Macerich Co. [NYSE: MAC] stock has seen the most recent analyst activity on May 17, 2024, when Scotiabank downgraded its rating to a Sector Underperform and also revised its price target to $14 from $16. Previously, Piper Sandler downgraded its rating to Underweight on May 01, 2024, and dropped its price target to $11. On March 22, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $17 on the stock. Piper Sandler upgraded its rating to a Neutral and increased its price target to $12 on October 02, 2023. In a note dated April 18, 2022, Piper Sandler downgraded an Underweight rating on this stock and revised its target price from $18 to $14.
Macerich Co. experienced fluctuations in its stock price throughout the past year between $9.14 and $17.73. Currently, Wall Street analysts expect the stock to reach $15.75 within the next 12 months. Macerich Co. [NYSE: MAC] shares were valued at $17.57 at the most recent close of the market. An investor can expect a potential drop of -10.36% based on the average MAC price forecast.
Analyzing the MAC fundamentals
Trailing Twelve Months sales for Macerich Co. [NYSE:MAC] were 884.52M which represents 2.49% growth. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at -0.41%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.03 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.82.
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 17.44 points at the first support level, and at 17.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.74, and for the 2nd resistance point, it is at 17.92.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 4.29, the price to book ratio is 1.52.
Transactions by insiders
Recent insider trading involved Volk Kenneth, EVP, Business Development, that happened on May 10 ’24 when 5000.0 shares were purchased. Chief Financial Officer, Kingsmore Scott W completed a deal on May 09 ’24 to buy 6000.0 shares. Meanwhile, Chief Legal Officer/Secretary Menard Ann C bought 4865.0 shares on May 08 ’24.
