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The Macerich Company (MAC): One of the all-time favorites

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JP Morgan raised the price target for the The Macerich Company (NYSE:MAC) stock from “a Neutral” to “an Underweight”. The rating was released on December 21, 2020. We previously noted in another research note published on December 15, 2020 by Citigroup that downgraded the stock from a Neutral to a Sell with a price target of $9.50 for MAC stock. The research report from Wells Fargo has downgraded the stock from Equal Weight to Underweight, with a price target set at $12. The stock was downgraded by Morgan Stanley, who disclosed in a research note on September 14, 2020, from Equal-Weight to Underweight and set the price objective to $6.50. In their research brief published July 01, 2020, Goldman analysts resumed the The Macerich Company stock to Sell with a price target of $6.50.


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Historical Earnings Surprises and Revenue Forecasts

Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of -$0.4 during the last quarter as opposed to a consensus estimate of -$0.2, which indicates the company missed its estimate by -$0.2, which implies that the company surprised the market by -100.00%. It appears that the average earnings per share estimate for the current quarter (ending in Jun 2021) is -$0.15. This is an average of 9 analysts’ earnings, where the high earnings per share estimate is -$0.09 and the low earnings per share estimate is -$0.26. According to 6 analyst estimates, an average revenue estimate of $180.98M is projected for the current quarter with a high revenue estimate of $191.5M and a low estimate of $169.46M.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of The Macerich Company (NYSE:MAC) raised 0.11% to close Wednesday’s market session at $18.01, higher as compared to yesterday’s close. The stock price fluctuated between $17.96 and $18.50 throughout the trading session with the volume trading being 4238905 shares, which represented a significant variation when compared to the three months average volume of 6.25 million shares. The firm’s stock price fluctuated -0.77% within the last five trades and 26.92% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 54.86% in the last 6 months and 30.98% was added to its value over the previous 3 months. MAC stock is trading at a margin of 16.48%, 29.69% and 58.91% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, MAC deals in the Real Estate domain. The stock is trading -30.70 percent below its 52-week high and 180.53 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 106.26. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does The Macerich Company’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at -19.20 percent and the profit margin is -40.30 percent, and the company has reported a gross margin of 53.30 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $4.03 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 5.38 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.01, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.10 percent of The Macerich Company shares are owned by insiders, and 72.00 percent are held by financial institutions. ONTARIO TEACHERS PENSION PLAN , the 10% Owner at The Macerich Company (MAC) has sold 24,562,964 shares of firm on Jan 27 at a price of $20.25 against the total amount of $497.37 million. In another inside trade, ANDERSON DANA K, Vice Chair Emeritus of The Macerich Company (NYSE:MAC) sold 24,100 shares of the firm on Dec 07 for a total worth of $0.28 million at a price of $11.57.

How The Macerich Company (MAC) Stock Is Sustainable?

To Conclude, the score of Environmental, Social and Governance (ESG) has been traditionally used by investors to measure the actions of corporations and to make their future financial predictions. According to the ESG rating scale, there are five hazard levels in the scale: marginal, weak, moderate, high, and extreme. The next generation ESG score is a scale from 0 to 100 where 100 represents the most extreme situation. The score was designed to assist investors at safety and investment level in identifying and recognizing financially relevant ESG threats. A current assessment of the The Macerich Company’s sustainability factors indicates that it scores at 3 or 3rd percentile overall, with an Environment Score of 0 or 0 percentile, a Social Score of 0 or 0 percentile, and a Governance Score of 0 or 0 percentile.

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