Macerich Co [MAC] stock prices are up 0.28% to $21.21 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The MAC shares have gain 8.44% over the last week, with a monthly amount glided 11.99%, 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.
The stock price of Macerich Co [MAC] has been fluctuating between $10.86 and $21.71 over the past year. Currently, Wall Street analysts expect the stock to reach $15.75 within the next 12 months. Macerich Co [NYSE: MAC] shares were valued at $21.21 at the most recent close of the market. An investor can expect a potential drop of -25.74% based on the average MAC price forecast.
Analyzing the MAC fundamentals
The Macerich Co [NYSE:MAC] reported sales of 886.96M for trailing twelve months, representing a surge of 1.12%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at -0.21%, 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 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.73.
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 21.04 points at the first support level, and at 20.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.45, and for the 2nd resistance point, it is at 21.68.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 6.20, the price to book ratio is 1.91.
Transactions by insiders
Recent insider trading involved O’Hern Living Trust U/A/D 11-2, Thomas O’Hern TTEE O’Hern Liv, that happened on Nov 12 ’24 when 57200.0 shares were purchased. EVP, Business Development, Volk Kenneth completed a deal on May 10 ’24 to buy 5000.0 shares. Meanwhile, Chief Financial Officer Kingsmore Scott W bought 6000.0 shares on May 09 ’24.
