The Latest Analyst Ratings For Macerich
Portfolio Pulse from Benzinga Insights
Macerich (NYSE:MAC) received mixed analyst ratings over the past three months, with a recent shift towards a more bearish outlook. The average 12-month price target for MAC is now $15.2, reflecting a 1.94% decrease from the previous target. Analysts from Compass Point, Mizuho, Piper Sandler, Truist Securities, and Citigroup have adjusted their ratings and price targets, indicating varying expectations for the company's performance. Macerich, an S&P 500 company, owns a significant portfolio of mall assets but shows a lower market capitalization and financial performance below industry averages.
May 01, 2024 | 7:01 pm
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Macerich has seen a mix of analyst ratings, with recent adjustments pointing towards a cautious or bearish outlook. The average price target has been revised to $15.2, indicating a slight decrease in expectations. Financial indicators suggest Macerich is underperforming compared to industry averages, with challenges in profitability and asset utilization.
The mix of analyst ratings and the recent downward adjustment in Macerich's price target reflect growing caution among financial experts. This, combined with Macerich's reported underperformance in key financial metrics such as net margin, ROE, and ROA, suggests a bearish outlook for the stock in the short term. The company's lower market capitalization and the comparison to industry averages highlight potential challenges in achieving competitive financial performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100