Taubman Centers Stock Rating Reaffirmed by Zacks (TCO)
Taubman Centers (NYSE:TCO)‘s stock had its “neutral” rating reaffirmed by Zacks in a note issued to investors on Tuesday, American Banking and Market News reports. They currently have a $71.00 target price on the stock. Zacks‘ price target indicates a potential upside of 5.99% from the stock’s previous close.
Taubman Centers (NYSE:TCO) traded down 1.11% during mid-day trading on Tuesday, hitting $66.99. 535,537 shares of the company’s stock traded hands. Taubman Centers has a 1-year low of $65.36 and a 1-year high of $89.46. The stock has a 50-day moving average of $67.94 and a 200-day moving average of $76.34. The company has a market cap of $4.276 billion and a P/E ratio of 45.04.
Taubman Centers (NYSE:TCO) last posted its quarterly earnings results on Friday, July 26th. The company reported $0.75 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.79 by $0.04. The company had revenue of $178.19 million for the quarter, compared to the consensus estimate of $179.60 million. During the same quarter in the prior year, the company posted $0.73 earnings per share. Analysts expect that Taubman Centers will post $3.61 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse initiated coverage on shares of Taubman Centers in a research note to investors on Thursday, September 19th. They set an “outperform” rating and a $79.00 price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Taubman Centers from $81.00 to $71.00 in a research note to investors on Wednesday, September 18th. They now have a “hold” rating on the stock. Finally, analysts at Cowen and Company cut their price target on shares of Taubman Centers from $88.00 to $75.00 in a research note to investors on Thursday, September 12th. They now have a “market perform” rating on the stock. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $79.00.
Taubman Centers, Inc (NYSE:TCO) operates as a self-administered and self-managed real estate investment trust (REIT).
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