The Macerich Company (MAC)
NYSE: MAC · IEX Real-Time Price · USD
16.14
+0.45 (2.87%)
At close: Apr 23, 2024, 4:00 PM
16.46
+0.32 (1.98%)
After-hours: Apr 23, 2024, 7:47 PM EDT
The Macerich Company Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for MAC stock have an average target of 14.4, with a low estimate of 9.00 and a high estimate of 17. The average target predicts a decrease of -10.78% from the current stock price of 16.14.
Analyst Consensus: Sell
* Price targets were last updated on Mar 25, 2024.
Analyst Ratings
The average analyst rating for MAC stock from 5 stock analysts is "Sell". This means that analysts believe this stock is likely to lead to lower returns than market as a whole.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 2 | 2 | 2 | 2 | 3 | 3 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 5 | 4 | 4 | 4 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Truist Securities | Truist Securities | Hold Reiterates $16 | Hold | Reiterates | $16 | -0.87% | Mar 25, 2024 |
| Citigroup | Citigroup | Strong Sell → Hold Upgrades $8 → $17 | Strong Sell → Hold | Upgrades | $8 → $17 | +5.33% | Mar 22, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Sell Maintains $9 → $13 | Strong Sell | Maintains | $9 → $13 | -19.45% | Jan 11, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $12 → $17 | Hold | Maintains | $12 → $17 | +5.33% | Dec 20, 2023 |
| Piper Sandler | Piper Sandler | Sell → Hold Upgrades $11 → $12 | Sell → Hold | Upgrades | $11 → $12 | -25.65% | Oct 2, 2023 |
Financial Forecast
Revenue This Year
851.77M
from 884.07M
Decreased by -3.65%
Revenue Next Year
879.31M
from 851.77M
Increased by 3.23%
EPS This Year
-0.15
from -1.28
EPS Next Year
-0.10
from -0.15
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 973.1M | 1.0B | 1.0B | 1.1B | 1.1B |
| Avg | 851.8M | 879.3M | 873.0M | 1.0B | 1.1B |
| Low | 755.4M | 796.2M | 802.9M | 995.7M | 1.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.1% | 17.6% | 17.4% | 22.2% | 7.2% |
| Avg | -3.7% | 3.2% | -0.7% | 17.5% | 3.1% |
| Low | -14.6% | -6.5% | -8.7% | 14.1% | 0.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 0.08 | 0.07 | 0.06 | 0.20 |
| Avg | -0.15 | -0.10 | -0.11 | 0.19 |
| Low | -0.35 | -0.30 | -0.33 | 0.19 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | - | - | - | - |
| Avg | - | - | - | - |
| Low | - | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.