Howard Hughes Corp Given New $185.00 Price Target at JMP Securities (HHC)
Investment analysts at JMP Securities boosted their target price on shares of Howard Hughes Corp (NYSE:HHC) from $175.00 to $185.00 in a note issued to investors on Monday. The firm currently has an “outperform” rating on the stock. JMP Securities’ price target would indicate a potential upside of 16.27% from the stock’s previous close.
Howard Hughes Corp (NYSE:HHC) opened at 159.11 on Monday. Howard Hughes Corp has a 52-week low of $100.35 and a 52-week high of $159.86. The stock’s 50-day moving average is $153.0 and its 200-day moving average is $144.4. The company’s market cap is $6.279 billion.
Howard Hughes Corp (NYSE:HHC) last announced its earnings results on Thursday, August 7th. The company reported $1.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.38 by $1.10. The company had revenue of $209.63 million for the quarter, compared to the consensus estimate of $118.40 million. Analysts expect that Howard Hughes Corp will post $-0.79 EPS for the current fiscal year.
Separately, analysts at TheStreet downgraded shares of Howard Hughes Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, May 20th.
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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