For The Macerich Company [MAC], Analyst sees a drop to $14. What next?

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The Macerich Company [NYSE: MAC] plunged by -$0.41 during the normal trading session on Wednesday and reaching a high of $13.30 during the day while it closed the day at $12.83. The company report on April 7, 2022 that MACERICH SCHEDULES FIRST QUARTER 2022 EARNINGS RELEASE AND CONFERENCE CALL.


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WHAT: Macerich (NYSE: MAC) Schedules First Quarter 2022 Earnings Release.

The Macerich Company stock has also loss -11.46% of its value over the past 7 days. However, MAC stock has declined by -25.32% in the 3 months of the year. Over the past six months meanwhile, it has lost -30.04% and lost -25.75% year-on date.

The market cap for MAC stock reached $2.97 billion, with 214.13 million shares outstanding and 206.07 million shares in the current float. Compared to the average trading volume of 2.88M shares, MAC reached a trading volume of 3729246 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about The Macerich Company [MAC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MAC shares is $17.04 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MAC stock is a recommendation set at 3.20. 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.

Piper Sandler have made an estimate for The Macerich Company shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on April 18, 2022. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $13 to $23. The new note on the price target was released on November 04, 2021, representing the official price target for The Macerich Company stock. Previously, the target price had yet another raise from $16 to $18, while Evercore ISI kept a In-line rating on MAC stock. On July 15, 2021, analysts increased their price target for MAC shares from 10 to 19.

The Average True Range (ATR) for The Macerich Company is set at 0.57, with the Price to Sales ratio for MAC stock in the period of the last 12 months amounting to 3.50. The Price to Book ratio for the last quarter was 0.90, with the Price to Cash per share for the same quarter was set at 0.49. Price to Free Cash Flow for MAC in the course of the last twelve months was 21.56.

MAC stock trade performance evaluation

The Macerich Company [MAC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.46. With this latest performance, MAC shares dropped by -15.48% in over the last four-week period, additionally sinking by -30.04% over the last 6 months – not to mention a drop of -9.01% 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 MAC stock in for the last two-week period is set at 32.52, with the RSI for the last a single of trading hit 27.39, and the three-weeks RSI is set at 35.76 for The Macerich Company [MAC]. The present Moving Average for the last 50 days of trading for this stock 14.79, while it was recorded at 13.42 for the last single week of trading, and 16.95 for the last 200 days.

The Macerich Company [MAC]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and The Macerich Company [MAC] shares currently have an operating margin of +13.08 and a Gross Margin at +17.72. The Macerich Company’s Net Margin is presently recorded at -5.96.

Return on Equity for this stock declined to -1.89, with Return on Assets sitting at -0.57.

Earnings per share (EPS) analysis for The Macerich Company [MAC] stock

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 MAC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Macerich Company go to 0.21%.

The Macerich Company [MAC]: Insider Ownership positions

There are presently around $2,405 million, or 89.40% of MAC stock, in the hands of institutional investors. The top three institutional holders of MAC stocks are: VANGUARD GROUP INC with ownership of 30,839,933, which is approximately 0.739% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 30,642,473 shares of the stock with an approximate value of $405.71 million in MAC stocks shares; and STATE STREET CORP, currently with $151.22 million in MAC stock with ownership of nearly 7.973% of the company’s market capitalization.

166 institutional holders increased their position in The Macerich Company [NYSE:MAC] by around 20,415,113 shares. Additionally, 126 investors decreased positions by around 10,964,667 shares, while 50 investors held positions by with 150,248,605 shares. The mentioned changes placed institutional holdings at 181,628,385 shares, according to the latest SEC report filing. MAC stock had 47 new institutional investments in for a total of 5,516,897 shares, while 30 institutional investors sold positions of 1,880,651 shares during the same period.

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