Taubman Centers’s “Hold” Rating Reiterated at Jefferies Group (TCO)
Taubman Centers (NYSE:TCO)‘s stock had its “hold” rating reiterated by stock analysts at Jefferies Group in a report issued on Wednesday. They currently have a $77.00 price target on the stock, down from their previous price target of $80.00. Jefferies Group’s target price points to a potential upside of 1.48% from the company’s current price.
Taubman Centers (NYSE:TCO) opened at 75.88 on Wednesday. Taubman Centers has a 52 week low of $61.43 and a 52 week high of $77.40. The stock has a 50-day moving average of $75.44 and a 200-day moving average of $72.76. The company has a market cap of $4.805 billion and a P/E ratio of 10.62.
Taubman Centers (NYSE:TCO) last announced its earnings results on Wednesday, July 30th. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.81 by $0.05. The company had revenue of $170.00 million for the quarter, compared to the consensus estimate of $168.14 million. During the same quarter in the prior year, the company posted $0.75 earnings per share. The company’s quarterly revenue was down 4.6% on a year-over-year basis. On average, analysts predict that Taubman Centers will post $3.65 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on TCO. Analysts at Morgan Stanley upgraded shares of Taubman Centers from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 15th. They now have a $91.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Deutsche Bank cut their price target on shares of Taubman Centers from $79.00 to $77.00 in a research note on Tuesday, August 5th. They now have a “hold” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Taubman Centers in a research note on Thursday, July 17th. They now have a $79.00 price target on the stock, up previously from $75.00. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $77.75.
Taubman Centers, Inc (NYSE:TCO) operates as a self-administered and self-managed real estate investment trust (REIT).
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