With 6.31 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.04 million shares. The 52-week range on MAC shows that it touched its highest point at $22.27 and its lowest point at $12.60 during that stretch. It currently has a 1-year price target of $21.28. With its current market cap of 4.74 billion, MAC has annualized dividend of $0.51 while the current yield stands at 2.78%. Beta for the stock currently stands at 2.63.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MAC was down-trending over the past week, with a drop of -10.02%, but this was down by -10.98% over a month. Three-month performance dropped to -7.10% while six-month performance rose 17.91%. The stock gained 14.35% in the past year, while it has lost -8.03% so far this year. A look at the trailing 12-month EPS for MAC yields -0.90 with Next year EPS estimates of 0.01. For the next quarter, that number is -0.08. This implies an EPS growth rate of 90.39% for this year and 117.54% for next year.
Float and Shares Shorts:
At present, 248.53 million MAC shares are outstanding with a float of 246.79 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MAC since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.11269 being high and $0.10699 being low. For MAC, this leads to a yearly average estimate of $0.10984. Based on analyst estimates, the high estimate for the next quarter is -$0.06 and the low estimate is -$0.06. The average estimate for the next quarter is thus -$0.06.
