ValuEngine Lowers Taubman Centers (TCO) to Strong Sell

ValuEngine downgraded shares of Taubman Centers (NYSE:TCO) from a sell rating to a strong sell rating in a research note released on Tuesday morning.

Several other brokerages have also recently commented on TCO. Boenning Scattergood reaffirmed a hold rating on shares of Taubman Centers in a report on Monday, February 12th. BTIG Research reaffirmed a hold rating on shares of Taubman Centers in a report on Sunday, April 29th. Sandler O’Neill set a $63.00 target price on shares of Taubman Centers and gave the stock a hold rating in a report on Tuesday, February 13th. Citigroup raised their target price on shares of Taubman Centers from $58.00 to $61.00 and gave the stock a neutral rating in a report on Tuesday, February 13th. Finally, Zacks Investment Research raised shares of Taubman Centers from a sell rating to a hold rating in a report on Monday, February 26th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $62.25.

Taubman Centers stock opened at $53.11 on Tuesday. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 14.35, a P/E/G ratio of 3.49 and a beta of 0.53. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of -21.43. Taubman Centers has a twelve month low of $44.78 and a twelve month high of $66.61.

Taubman Centers (NYSE:TCO) last released its quarterly earnings results on Thursday, April 26th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by ($0.63). Taubman Centers had a net margin of 11.63% and a negative return on equity of 49.86%. The company had revenue of $161.49 million during the quarter, compared to the consensus estimate of $152.82 million. During the same period in the prior year, the company earned $0.85 earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year. equities analysts forecast that Taubman Centers will post 3.78 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the stock. Daiwa Securities Group Inc. increased its stake in Taubman Centers by 15.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,800 shares of the real estate investment trust’s stock valued at $445,000 after acquiring an additional 900 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Taubman Centers by 4.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,505 shares of the real estate investment trust’s stock valued at $1,508,000 after acquiring an additional 1,032 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Taubman Centers by 12.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,813 shares of the real estate investment trust’s stock valued at $558,000 after acquiring an additional 1,113 shares during the last quarter. Hsbc Holdings PLC increased its stake in Taubman Centers by 17.1% in the first quarter. Hsbc Holdings PLC now owns 8,191 shares of the real estate investment trust’s stock valued at $466,000 after acquiring an additional 1,197 shares during the last quarter. Finally, FDx Advisors Inc. increased its stake in Taubman Centers by 25.1% in the first quarter. FDx Advisors Inc. now owns 5,970 shares of the real estate investment trust’s stock valued at $340,000 after acquiring an additional 1,199 shares during the last quarter.

About Taubman Centers

Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 27 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman's U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry.

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Analyst Recommendations for Taubman Centers (NYSE:TCO)

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