Howard Hughes Corp Downgraded to Hold at TheStreet (HHC)
The analysts wrote, “Howard Hughes (HHC) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.”
HHC has been the subject of a number of other recent research reports. Analysts at JMP Securities raised their price target on shares of Howard Hughes Corp from $170.00 to $175.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Compass Point reiterated a “buy” rating on shares of Howard Hughes Corp in a research note on Monday, April 21st. They now have a $200.00 price target on the stock. Finally, analysts at Compass Point raised their price target on shares of Howard Hughes Corp from $160.00 to $190.00 in a research note on Tuesday, March 11th. They now have a “buy” rating on the stock.
Howard Hughes Corp (NYSE:HHC) traded down 1.57% during mid-day trading on Tuesday, hitting $148.89. 74,496 shares of the company’s stock traded hands. Howard Hughes Corp has a one year low of $97.16 and a one year high of $151.55. The stock has a 50-day moving average of $143.8 and a 200-day moving average of $129.1. The company’s market cap is $5.874 billion.
Howard Hughes Corp (NYSE:HHC) last released its earnings data on Thursday, May 8th. The company reported ($2.19) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.26 by $2.45. The company had revenue of $90.65 million for the quarter, compared to the consensus estimate of $89.10 million. Analysts expect that Howard Hughes Corp will post $-1.02 EPS for the current fiscal year.
The Howard Hughes Corporation, incorporated on July 1, 2010, is a developer and operator of master planned communities and mixed use properties.
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