Taubman Centers (NYSE:TCO) updated its FY18 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $3.76-3.84 for the period, compared to the Thomson Reuters consensus estimate of $3.72. Taubman Centers also updated its FY 2018 guidance to $3.76-3.84 EPS.
A number of brokerages have recently weighed in on TCO. Scotiabank began coverage on Taubman Centers in a report on Tuesday, October 16th. They set an underperform rating on the stock. BMO Capital Markets reissued a hold rating and set a $62.00 price objective on shares of Taubman Centers in a research report on Monday. Citigroup lifted their price objective on Taubman Centers from $61.00 to $66.00 and gave the company a neutral rating in a research report on Thursday, August 9th. Sandler O’Neill raised Taubman Centers from a hold rating to a buy rating and lifted their price objective for the company from $58.00 to $64.00 in a research report on Monday, October 22nd. Finally, Bank of America lifted their price objective on Taubman Centers from $60.00 to $66.00 and gave the company a neutral rating in a research report on Monday, August 13th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $62.31.
TCO traded down $2.06 during trading on Wednesday, reaching $55.35. 398,805 shares of the stock traded hands, compared to its average volume of 560,526. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 3.82 and a beta of 0.54. Taubman Centers has a fifty-two week low of $44.78 and a fifty-two week high of $66.61.
Taubman Centers Company Profile
Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 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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