Macerich Co [NYSE: MAC] slipped around -0.12 points on Thursday, while shares priced at $17.28 at the close of the session, down -0.69%.
Compared to the average trading volume of 2.06M shares, MAC reached a trading volume of 3211031 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $20.26 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 3.12. 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 0.71, with the Price to Sales ratio for MAC stock in the period of the last 12 months amounting to 4.91. The Price to Book ratio for the last quarter was 1.59, with the Price to Cash per share for the same quarter was set at 0.68. Price to Free Cash Flow for MAC in the course of the last twelve months was 21.62.
How has MAC stock performed recently?
Macerich Co [MAC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.67. With this latest performance, MAC shares dropped by -15.79% in over the last four-week period, additionally plugging by 5.05% over the last 6 months – not to mention a rise of 8.44% 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 42.28, with the RSI for the last a single of trading hit 45.51, and the three-weeks RSI is set at 41.66 for Macerich Co [MAC]. The present Moving Average for the last 50 days of trading for this stock 19.30, while it was recorded at 17.09 for the last single week of trading, and 17.84 for the last 200 days.
Insider trade positions for Macerich Co [MAC]
There are presently around $102.89%, or 103.55%% of MAC stock, in the hands of institutional investors. 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%.
