Barclays Boosts CBL & Associates Properties Price Target to $21.00 (CBL)
Investment analysts at Barclays hoisted their price target on shares of CBL & Associates Properties (NYSE:CBL) from $20.00 to $21.00 in a note issued to investors on Thursday. Barclays’ target price indicates a potential upside of 8.75% from the stock’s previous close.
Separately, analysts at Jefferies Group raised their price target on shares of CBL & Associates Properties from $19.00 to $20.00 in a research note on Tuesday, July 22nd. Five analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $20.86.
Shares of CBL & Associates Properties (NYSE:CBL) opened at 19.31 on Thursday. CBL & Associates Properties has a one year low of $16.00 and a one year high of $20.66. The stock’s 50-day moving average is $19.19 and its 200-day moving average is $18.33. The company has a market cap of $3.288 billion and a price-to-earnings ratio of 35.72.
CBL & Associates Properties (NYSE:CBL) last announced its earnings results on Tuesday, July 29th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.53 by $0.02. The company had revenue of $256.90 million for the quarter, compared to the consensus estimate of $250.56 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. Analysts expect that CBL & Associates Properties will post $2.23 EPS for the current fiscal year.
CBL & Associates Properties, Inc (NYSE:CBL) is a self-managed, self-administered, fully integrated real estate investment trust (REIT).
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