Tuesday, December 1, 2020

Evercore ISI Downgrade Mack-Cali Realty Corporation [CLI]. What else is Wall St. saying?

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Mack-Cali Realty Corporation [NYSE: CLI] gained 4.44% or 0.7 points to close at $16.45 with a heavy trading volume of 990774 shares. It opened the trading session at $16.46, the shares rose to $16.51 and dropped to $15.53, the range by which the price of stock traded the whole day. The daily chart for CLI points out that the company has recorded -23.17% loss over the past six months. However, it is still -27.52% lower than its most recent low trading price.

If we look at the average trading volume of 957.35K shares, CLI reached to a volume of 990774 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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Here is what top equities market gurus are saying about Mack-Cali Realty Corporation [CLI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CLI shares is $19.57 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CLI stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Evercore ISI have made an estimate for Mack-Cali Realty Corporation shares, keeping their opinion on the stock as In-line, with their previous recommendation back on March 25, 2020. The new note on the price target was released on January 07, 2020, representing the official price target for Mack-Cali Realty Corporation stock. Previously, the target price had yet another raise to $27, while Evercore ISI analysts kept a Outperform rating on CLI stock.

The Average True Range (ATR) for Mack-Cali Realty Corporation is set at 0.96, with the Price to Sales ratio for CLI stock in the period of the last 12 months amounting to 4.16. The Price to Book ratio for the last quarter was 1.04, with the Price to Cash per share for the same quarter was set at 0.29.

Trading performance analysis for CLI stock

Mack-Cali Realty Corporation [CLI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.05. With this latest performance, CLI shares gained by 21.40% in over the last four-week period, additionally sinking by -23.17% over the last 6 months – not to mention a drop of -32.77% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CLI stock in for the last two-week period is set at 52.35, with the RSI for the last a single of trading hit 51.74, and the three-weeks RSI is set at 52.10 for Mack-Cali Realty Corporation [CLI]. The present Moving Average for the last 50 days of trading for this stock 15.49, while it was recorded at 17.15 for the last single week of trading, and 19.67 for the last 200 days.

Mack-Cali Realty Corporation [CLI]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Mack-Cali Realty Corporation [CLI] shares currently have an operating margin of -17.73 and a Gross Margin at +20.98. Mack-Cali Realty Corporation’s Net Margin is presently recorded at +52.49.

Return on Total Capital for CLI is now -1.26, given the latest momentum, and Return on Invested Capital for the company is 4.57. Return on Equity for this stock inclined to 12.37, with Return on Assets sitting at 3.56. When it comes to the capital structure of this company, Mack-Cali Realty Corporation [CLI] has a Total Debt to Total Equity ratio set at 189.62. Additionally, CLI Total Debt to Total Capital is recorded at 65.47, with Total Debt to Total Assets ending up at 53.51. Long-Term Debt to Equity for the company is recorded at 189.58, with the Long-Term Debt to Total Capital now at 65.46.

Reflecting on the efficiency of the workforce at the company, Mack-Cali Realty Corporation [CLI] managed to generate an average of $651,141 per employee. Receivables Turnover for the company is 2.72 with a Total Asset Turnover recorded at a value of 0.07.

Mack-Cali Realty Corporation [CLI]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Mack-Cali Realty Corporation posted -0.43/share EPS, while the average EPS was predicted by analysts to be reported at 0.58/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -174.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CLI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Mack-Cali Realty Corporation go to -4.73%.

An analysis of insider ownership at Mack-Cali Realty Corporation [CLI]

There are presently around $1,328 million, or 90.60% of CLI stock, in the hands of institutional investors. The top three institutional holders of CLI stocks are: VANGUARD GROUP INC with ownership of 12,900,724, which is approximately 0.855% of the company’s market cap and around 8.91% of the total institutional ownership; BLACKROCK INC., holding 12,486,775 shares of the stock with an approximate value of $205.41 million in CLI stocks shares; and FMR LLC, currently with $100.47 million in CLI stock with ownership of nearly 9.55% of the company’s market capitalization.

Positions in Mack-Cali Realty Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 78 institutional holders increased their position in Mack-Cali Realty Corporation [NYSE:CLI] by around 6,678,374 shares. Additionally, 98 investors decreased positions by around 11,575,783 shares, while 35 investors held positions by with 62,449,182 shares. The mentioned changes placed institutional holdings at 80,703,339 shares, according to the latest SEC report filing. CLI stock had 12 new institutional investments in for a total of 890,537 shares, while 31 institutional investors sold positions of 3,852,719 shares during the same period.

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