Taubman Centers (TCO) : 10 analysts are covering Taubman Centers (TCO) and their average rating on the stock is 2.05, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Taubman Centers (TCO) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Taubman Centers (TCO) : Average target price received by Taubman Centers (TCO) is $80.14 with an expected standard deviation of $6.79. The most aggressive target on the stock is $86, whereas the most downbeat target is $67. 7 financial analysts are currently covering the stock.
Taubman Centers (NYSE:TCO): The stock opened at $75.02 on Wednesday but the bulls could not build on the opening and the stock topped out at $75.39 for the day. The stock traded down to $74.59 during the day, due to lack of any buying support eventually closed down at $74.75 with a loss of -0.72% for the day. The stock had closed at $75.29 on the previous day. The total traded volume was 252,012 shares.
Also, Mizuho Securities initiates coverage on Taubman Centers (NYSE:TCO). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Mizuho Securities announces a current price target of $86 per share. The rating by the firm was issued on April 13, 2016. The company shares have rallied 5.86% from its 1 Year high price. On Oct 27, 2015, the shares registered one year high at $79.74 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $70.57 and the 200 Day Moving Average price is recorded at $71.04.
Taubman Centers, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Taubman Realty Group Limited Partnership (TRG) is a partnership subsidiary of the Company that owns direct or indirect interests in all of its real estate properties. The Company owns, leases, acquires, disposes of, develops, expands and manages regional and super-regional shopping centers and interests therein. The Companys portfolio of operating centers, as of December 31, 2014, consisted of 18 urban and suburban shopping centers in 10 states. The centers are located in metropolitan areas, including Denver, Detroit, Los Angeles, Miami, Nashville, New York City, Orlando, Salt Lake City, San Francisco, Sarasota, Saint Louis, Tampa and Washington, D.C. The centers range in size between 236,000 and 1.6 million square feet of gross leasable area (GLA) and between 186,000 and 671,000 square feet of Mall GLA with an average of 1 million and 0.5 million square feet, respectively.