Macerich Co [NYSE: MAC] stock went on a downward path that fall over -8.95% on Thursday, amounting to a one-week price decrease of less than -10.02%.
Over the last 12 months, MAC stock rose by 14.35%. The one-year Macerich Co stock forecast points to a potential upside of 13.91. The average equity rating for MAC stock is currently 3.19, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $4.74 billion, with 248.53 million shares outstanding and 246.79 million shares in the current float. Compared to the average trading volume of 2.04M shares, MAC stock reached a trading volume of 6311275 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Macerich Co [MAC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MAC shares is $21.28 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 3.19. 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.
Morgan Stanley have made an estimate for Macerich Co shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on January 15, 2025. While these analysts kept the previous recommendation, Jefferies raised their target price from $19 to $23. The new note on the price target was released on January 02, 2025, representing the official price target for Macerich Co stock. Previously, the target price had yet another raise to $22, while Scotiabank analysts kept a Sector Perform rating on MAC stock.
The Average True Range (ATR) for Macerich Co is set at 0.72, with the Price to Sales ratio for MAC stock in the period of the last 12 months amounting to 5.34. The Price to Book ratio for the last quarter was 1.65, with the Price to Cash per share for the same quarter was set at 0.89. Price to Free Cash Flow for MAC in the course of the last twelve months was 17.99.
MAC Stock Performance Analysis:
Macerich Co [MAC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.02. With this latest performance, MAC shares dropped by -10.98% in over the last four-week period, additionally plugging by 17.91% over the last 6 months – not to mention a rise of 14.35% 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 31.25, with the RSI for the last a single of trading hit 24.97, and the three-weeks RSI is set at 35.98 for Macerich Co [MAC]. The present Moving Average for the last 50 days of trading for this stock 20.28, while it was recorded at 19.56 for the last single week of trading, and 17.70 for the last 200 days.
Macerich Co [MAC] Institutonal Ownership Details
The top three institutional holders of MAC stocks are: BLACKROCK INC. with ownership of 39.87 million shares, which is approximately 18.4573%. VANGUARD GROUP INC, holding 34.44 million shares of the stock with an approximate value of $$531.77 million in MAC stocks shares; and VANGUARD GROUP INC, currently with $$304.86 million in MAC stock with ownership which is approximately 9.1334%.
