Wednesday, September 23, 2020

BTIG Research lifts CBL & Associates Properties Inc. [CBL] price estimate. Who else is bullish?

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CBL & Associates Properties Inc. [NYSE: CBL] traded at a low on 09/01/20, posting a -3.33 loss after which it closed the day’ session at $0.18. The company report on August 19, 2020 that CBL Properties Enters Into Restructuring Support Agreement With Noteholders to Significantly Strengthen Its Capital Structure.

Approximately $900 million of Debt and at Least $600 Million of Other Obligations to be Eliminated and Maturity Schedule Significantly Lengthened Highly Experienced and Dedicated Leadership Team to Continue to Lead CBL.

CBL Properties (NYSE:CBL) today announced that the Company has entered into a Restructuring Support Agreement (the “RSA”) with certain beneficial owners and/or investment advisors or managers of discretionary funds, accounts, or other entities (the “noteholders”) representing in excess of 57% of the aggregate principal amount of the Operating Partnership’s 5.25% senior unsecured notes due 2023 (the “2023 Notes”), the Operating Partnership’s 4.60% senior unsecured notes due 2024 (the “2024 Notes”) and the Operating Partnership’s 5.95% senior unsecured notes due 2026 (the “2026 Notes” and together with the 2023 Notes and the 2024 Notes, the “Unsecured Notes”).

The results of the trading session contributed to over 5581774 shares changing hands. Over the past one week, the price volatility of CBL & Associates Properties Inc. stands at 5.31% while the volatility over the past one month is 14.53%.

The market cap for CBL stock reached $33.96 million, with 191.96 million shares outstanding and 157.96 million shares in the current float. Compared to the average trading volume of 19.01M shares, CBL reached a trading volume of 5581774 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about CBL & Associates Properties Inc. [CBL]?

BTIG Research have made an estimate for CBL & Associates Properties Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 31, 2019. The new note on the price target was released on December 19, 2018, representing the official price target for CBL & Associates Properties Inc. stock.

The Average True Range (ATR) for CBL & Associates Properties Inc. is set at 0.03, with the Price to Sales ratio for CBL stock in the period of the last 12 months amounting to 0.05. The Price to Book ratio for the last quarter was 0.05, with the Price to Cash per share for the same quarter was set at 0.65. Price to Free Cash Flow for CBL in the course of the last twelve months was 0.17.

How has CBL stock performed recently?

CBL & Associates Properties Inc. [CBL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.55. With this latest performance, CBL shares gained by 6.52% in over the last four-week period, additionally sinking by -67.92% over the last 6 months – not to mention a drop of -78.34% 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 CBL stock in for the last two-week period is set at 42.04, with the RSI for the last a single of trading hit 40.41, and the three-weeks RSI is set at 43.77 for CBL & Associates Properties Inc. [CBL]. The present Moving Average for the last 50 days of trading for this stock 0.2250, while it was recorded at 0.1847 for the last single week of trading, and 0.5223 for the last 200 days.

CBL & Associates Properties Inc. [CBL]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and CBL & Associates Properties Inc. [CBL] shares currently have an operating margin of +9.20 and a Gross Margin at +47.43. CBL & Associates Properties Inc.’s Net Margin is presently recorded at -12.99.

Return on Total Capital for CBL is now 1.63, given the latest momentum, and Return on Invested Capital for the company is -2.57. Return on Equity for this stock declined to -12.29, with Return on Assets sitting at -2.18. When it comes to the capital structure of this company, CBL & Associates Properties Inc. [CBL] has a Total Debt to Total Equity ratio set at 437.90. Additionally, CBL Total Debt to Total Capital is recorded at 81.41, with Total Debt to Total Assets ending up at 76.39. Long-Term Debt to Equity for the company is recorded at 410.27, with the Long-Term Debt to Total Capital now at 76.27.

Reflecting on the efficiency of the workforce at the company, CBL & Associates Properties Inc. [CBL] managed to generate an average of -$183,126 per employee. Receivables Turnover for the company is 7.89 with a Total Asset Turnover recorded at a value of 0.17.

Earnings analysis for CBL & Associates Properties Inc. [CBL]

With the latest financial reports released by the company, CBL & Associates Properties Inc. posted -0.26/share EPS, while the average EPS was predicted by analysts to be reported at -0.07/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -271.40%. 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 CBL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CBL & Associates Properties Inc. go to 4.90%.

Insider trade positions for CBL & Associates Properties Inc. [CBL]

There are presently around $13 million, or 38.40% of CBL stock, in the hands of institutional investors. The top three institutional holders of CBL stocks are: CHARLES SCHWAB INVESTMENT MANAGEMENT INC with ownership of 13,720,058, which is approximately 91.298% of the company’s market cap and around 10.50% of the total institutional ownership; VANGUARD GROUP INC, holding 7,458,987 shares of the stock with an approximate value of $1.34 million in CBL stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $1.26 million in CBL stock with ownership of nearly 31.468% of the company’s market capitalization.

Positions in CBL & Associates Properties Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 51 institutional holders increased their position in CBL & Associates Properties Inc. [NYSE:CBL] by around 29,458,906 shares. Additionally, 97 investors decreased positions by around 70,072,747 shares, while 32 investors held positions by with 25,818,356 shares. The mentioned changes placed institutional holdings at 73,713,297 shares, according to the latest SEC report filing. CBL stock had 28 new institutional investments in for a total of 13,456,853 shares, while 54 institutional investors sold positions of 18,615,595 shares during the same period.

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