BMO Capital Now Covering Taubman Centers (NYSE:TCO) With $48.0 Target

September 17, 2017 - By Vivian Currie

 BMO Capital Now Covering Taubman Centers (NYSE:TCO) With $48.0 Target

Investors sentiment decreased to 0.82 in Q4 2016. Its down 0.08, from 0.9 in 2016Q3. It dropped, as 36 investors sold Taubman Centers, Inc. shares while 83 reduced holdings. 30 funds opened positions while 68 raised stakes. 56.63 million shares or 1.11% less from 57.26 million shares in 2016Q3 were reported.

Price Michael F reported 1.88% stake. Schroder Inv Group holds 0% or 17,511 shares in its portfolio. Moreover, Malaga Cove Cap Ltd Llc has 0.4% invested in Taubman Centers, Inc. (NYSE:TCO) for 8,391 shares. Blackrock, a New York-based fund reported 115,688 shares. The Massachusetts-based Geode Capital Mgmt Ltd Liability has invested 0.02% in Taubman Centers, Inc. (NYSE:TCO). Price T Rowe Assocs Md invested in 0.03% or 1.74M shares. Gofen And Glossberg Ltd Liability Il owns 7,500 shares or 0.02% of their US portfolio. Credit Agricole S A has invested 0.02% of its portfolio in Taubman Centers, Inc. (NYSE:TCO). Quantitative Systematic Strategies Ltd Com holds 0.26% or 8,730 shares in its portfolio. 31,809 were reported by Cornerstone Mngmt Ltd Liability Corp. 427,453 are held by American Century. Texas Permanent School Fund has invested 0.04% in Taubman Centers, Inc. (NYSE:TCO). Parametrica Ltd reported 0.45% of its portfolio in Taubman Centers, Inc. (NYSE:TCO). Macquarie Gru Ltd owns 202,659 shares or 0.03% of their US portfolio. Sg Americas Secs Lc reported 2,378 shares or 0% of all its holdings.

Why Has BMO Capital Given Taubman Centers (NYSE:TCO) a $48.0 Price Target

New York: Taubman Centers (NYSE:TCO) coverage was started with a key ‘Sell’ rating as well as a $48.0 target price per share at BMO Capital. The target price by BMO Capital would indicate downside of -8.61 % from the last close price.

Investors sentiment decreased to 0.82 in Q4 2016. Its down 0.08, from 0.9 in 2016Q3. It dropped, as 36 investors sold Taubman Centers, Inc. shares while 83 reduced holdings. 30 funds opened positions while 68 raised stakes. 56.63 million shares or 1.11% less from 57.26 million shares in 2016Q3 were reported.

Price Michael F reported 1.88% stake. Schroder Inv Group holds 0% or 17,511 shares in its portfolio. Moreover, Malaga Cove Cap Ltd Llc has 0.4% invested in Taubman Centers, Inc. (NYSE:TCO) for 8,391 shares. Blackrock, a New York-based fund reported 115,688 shares. The Massachusetts-based Geode Capital Mgmt Ltd Liability has invested 0.02% in Taubman Centers, Inc. (NYSE:TCO). Price T Rowe Assocs Md invested in 0.03% or 1.74M shares. Gofen And Glossberg Ltd Liability Il owns 7,500 shares or 0.02% of their US portfolio. Credit Agricole S A has invested 0.02% of its portfolio in Taubman Centers, Inc. (NYSE:TCO). Quantitative Systematic Strategies Ltd Com holds 0.26% or 8,730 shares in its portfolio. 31,809 were reported by Cornerstone Mngmt Ltd Liability Corp. 427,453 are held by American Century. Texas Permanent School Fund has invested 0.04% in Taubman Centers, Inc. (NYSE:TCO). Parametrica Ltd reported 0.45% of its portfolio in Taubman Centers, Inc. (NYSE:TCO). Macquarie Gru Ltd owns 202,659 shares or 0.03% of their US portfolio. Sg Americas Secs Lc reported 2,378 shares or 0% of all its holdings.

Taubman Centers, Inc. (NYSE:TCO) Ratings Coverage

Among 15 analysts covering Taubman Centers Inc. (NYSE:TCO), 5 have Buy rating, 1 Sell and 9 Hold. Therefore 33% are positive. Taubman Centers Inc. has $94 highest and $48.0 lowest target. $75.63’s average target is 44.00% above currents $52.52 stock price. Taubman Centers Inc. had 23 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Neutral” rating by UBS on Thursday, September 29. The stock has “Hold” rating by Boenning & Scattergood on Monday, July 31. The firm has “Hold” rating by Jefferies given on Monday, July 24. On Friday, September 18 the stock rating was initiated by Raymond James with “Mkt Perform”. The rating was reinitiated by Credit Suisse on Wednesday, March 16 with “Outperform”. As per Wednesday, January 11, the company rating was downgraded by Goldman Sachs. On Monday, September 11 the stock rating was initiated by BMO Capital Markets with “Sell”. Evercore maintained the shares of TCO in report on Tuesday, September 8 with “Buy” rating. The firm earned “Overweight” rating on Thursday, December 17 by JP Morgan. BTIG Research initiated Taubman Centers, Inc. (NYSE:TCO) on Thursday, August 25 with “Neutral” rating.

The stock decreased 0.85% or $0.45 on September 15, reaching $52.52. About 1.17 million shares traded or 106.79% up from the average. Taubman Centers, Inc. (NYSE:TCO) has declined 13.21% since September 17, 2016 and is downtrending. It has underperformed by 29.91% the S&P500.

Wall Street await Taubman Centers, Inc. (NYSE:TCO) to release earnings on November, 7. Analysts forecast earnings per share of $0.93, down exactly $0.01 or 1.06 % from 2014’s $0.94 EPS. The expected TCO’s profit could reach $56.49M giving the stock 14.12 P/E in the case that $0.93 earnings per share is reported. After posting $0.86 EPS for the previous quarter, Taubman Centers, Inc.’s analysts now forecast 8.14 % EPS growth.

Taubman Centers, Inc. is a self-administered and self-managed real estate investment trust . The company has market cap of $3.19 billion. The Company’s segment is focused on owning, developing and managing regional shopping centers. It has a 40.61 P/E ratio. The Taubman Realty Group Limited Partnership (the Operating Partnership or TRG) is majority-owned partnership subsidiary of the Company that owns direct or indirect interests in all of its real estate properties.

More notable recent Taubman Centers, Inc. (NYSE:TCO) news were published by: Seekingalpha.com which released: “Taubman Centers’ (TCO) CEO Robert Taubman Presents at Bank of America Merrill …” on September 13, 2017, also Seekingalpha.com with their article: “Unlocking The Value In Taubman” published on September 04, 2017, Reuters.com published: “Taubman Centers’ shareholders back company’s board nominees” on June 01, 2017. More interesting news about Taubman Centers, Inc. (NYSE:TCO) were released by: Seekingalpha.com and their article: “After The Loss, Land And Buildings Sends Letter To Taubman Centers” published on June 09, 2017 as well as Seekingalpha.com‘s news article titled: “Mystery REIT Shopper: Taubman Centers” with publication date: February 10, 2017.

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