41.8 F
New York
Wednesday, December 2, 2020

The Macerich Company (NYSE:MAC) Stock is Soaring, Here is Why

Must read

Renewed Optimism is Surrounding Dollar Tree Inc. (NASDAQ:DLTR)

Dollar Tree Inc. (DLTR) shares are trading at higher $112.39 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

The Last Few Sessions Have Golden Minerals Company (AUMN) Soaring

Golden Minerals Company (AUMN) shares are trading at higher $0.60 and the avg recommendation for the stock is Moderate Buy. To add more color...

Will Albertsons Companies Inc. (ACI) Find a Support Level Soon?

Albertsons Companies Inc. (ACI) shares are trading at lower $15.78 and the avg recommendation for the stock is Strong Buy, while the current analyst...

When Will Cadence Design Systems Inc. (CDNS) Slow Down

Cadence Design Systems Inc. (CDNS) shares are trading at lower $115.65 and the avg recommendation for the stock is Moderate Buy, while the current...

The Macerich Company (MAC) shares are trading at higher $8.01 and the avg recommendation for the stock is Hold. while the current analyst price target stands at $10.51.

To add more color to this target, the company’s high over the last year is $32.34 and the low is $4.56. Over the last 52 weeks, MAC is down -69.68% while the S&P 500 is up 20.39%%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, MAC reported a profit of $9.82 million. The Macerich Company also saw revenues increase to $178.59 million. In addition, MAC has free cash flow of -$66.95 million as of 06-2020. The company’s EBITDA came in at $94.78 million which compares well with its peers.

MAC booked profit margins of 6.20%, its Return on Equity (ROE) is 2.10%, and its Return on Assets is 0.60%. All told, it is clear that, MAC needs to be on your watchlist.

Find out when MAC reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. MAC has a short ratio of 10.22 and outstanding shares of 144.10M.

Company Outlook

MAC has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 0.36. Investors should also keep an eye on sector updates as MAC has historically followed its peers on positive news.

All told, The Macerich Company MAC has strung together solid data and demonstrated underlying fundamentals. At its current valuation, MAC represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

The Macerich Company MAC is now commanding a market cap of 1.33B and a float of 113.54M. MAC is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of MAC stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in MAC, either long or short, and we have not been compensated for this article.

Latest article

Intellia Therapeutics Inc. (NTLA)’s Stock is Jumping, Here is Why

Intellia Therapeutics Inc. (NTLA) shares are trading at lower $38.10 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Can We Expect More Volatility From 8×8 Inc. (EGHT)?

8x8 Inc. (EGHT) shares are trading at higher $20.06 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

When Will Nutanix Inc. (NTNX) Slow Down

Nutanix Inc. (NTNX) shares are trading at higher $27.80 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Hostess Brands Inc. (NASDAQ:TWNK) is Gaining Momentum on Earnings Catalyst

Hostess Brands Inc. (TWNK) shares are trading at higher $13.73 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Is the Rough Ride Over for Alphabet Inc. (GOOGL)

Alphabet Inc. (GOOGL) shares are trading at higher $1795.36 and the avg recommendation for the stock is Strong Buy, while the current analyst price...