Is Taubman Centers (NYSE:TCO) a Buy or a Sell? What Does BMO Capital Think?

September 17, 2017 - By Jacob Falcon

 Is Taubman Centers (NYSE:TCO) a Buy or a Sell? What Does BMO Capital Think?

Investors sentiment decreased to 0.82 in 2016 Q4. Its down 0.08, from 0.9 in 2016Q3. It is negative, 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.

Malaga Cove Ltd Limited Liability Company accumulated 0.4% or 8,391 shares. Federated Pa owns 37,998 shares. Hexavest Incorporated holds 0% or 1,500 shares in its portfolio. Principal Fin Group owns 238,172 shares or 0.02% of their US portfolio. Blackrock Institutional Trust Na holds 0.03% or 2.53M shares in its portfolio. Royal Bank & Trust Of Canada holds 0% or 11,629 shares in its portfolio. Louisiana State Employees Retirement System reported 14,900 shares. Sarasin And Prtnrs Llp has 0.05% invested in Taubman Centers, Inc. (NYSE:TCO). Moreover, Northern Tru Corporation has 0.02% invested in Taubman Centers, Inc. (NYSE:TCO) for 737,737 shares. State Street Corporation holds 2.63M shares. Ci Invs reported 0.6% of its portfolio in Taubman Centers, Inc. (NYSE:TCO). Advantus Capital Mgmt Incorporated invested in 0.01% or 7,510 shares. Moreover, Cadence Cap Ltd Liability has 0.02% invested in Taubman Centers, Inc. (NYSE:TCO). Fmr Limited Company owns 1.90 million shares for 0.02% of their portfolio. Geode Cap Mngmt Ltd Liability Corp owns 515,926 shares.

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

Research professionals at BMO Capital initiated coverage on Taubman Centers (NYSE:TCO) with a key “Sell” rating. The target price for TCO is $48.0. It suggests a possible downside of -8.61 % from firm’s current price.

Investors sentiment decreased to 0.82 in 2016 Q4. Its down 0.08, from 0.9 in 2016Q3. It is negative, 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.

Malaga Cove Ltd Limited Liability Company accumulated 0.4% or 8,391 shares. Federated Pa owns 37,998 shares. Hexavest Incorporated holds 0% or 1,500 shares in its portfolio. Principal Fin Group owns 238,172 shares or 0.02% of their US portfolio. Blackrock Institutional Trust Na holds 0.03% or 2.53M shares in its portfolio. Royal Bank & Trust Of Canada holds 0% or 11,629 shares in its portfolio. Louisiana State Employees Retirement System reported 14,900 shares. Sarasin And Prtnrs Llp has 0.05% invested in Taubman Centers, Inc. (NYSE:TCO). Moreover, Northern Tru Corporation has 0.02% invested in Taubman Centers, Inc. (NYSE:TCO) for 737,737 shares. State Street Corporation holds 2.63M shares. Ci Invs reported 0.6% of its portfolio in Taubman Centers, Inc. (NYSE:TCO). Advantus Capital Mgmt Incorporated invested in 0.01% or 7,510 shares. Moreover, Cadence Cap Ltd Liability has 0.02% invested in Taubman Centers, Inc. (NYSE:TCO). Fmr Limited Company owns 1.90 million shares for 0.02% of their portfolio. Geode Cap Mngmt Ltd Liability Corp owns 515,926 shares.

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 rating was maintained by Jefferies on Monday, July 24 with “Hold”. The stock of Taubman Centers, Inc. (NYSE:TCO) has “Hold” rating given on Monday, November 16 by Evercore. The firm has “Overweight” rating by JP Morgan given on Thursday, December 17. The stock has “Outperform” rating by Credit Suisse on Wednesday, March 16. On Thursday, August 25 the stock rating was initiated by BTIG Research with “Neutral”. Jefferies maintained Taubman Centers, Inc. (NYSE:TCO) on Monday, June 19 with “Hold” rating. On Thursday, September 29 the stock rating was maintained by UBS with “Neutral”. Goldman Sachs downgraded the stock to “Neutral” rating in Wednesday, January 11 report. Cowen & Co upgraded Taubman Centers, Inc. (NYSE:TCO) on Wednesday, October 14 to “Outperform” rating. The rating was maintained by Boenning & Scattergood with “Hold” on Monday, July 31.

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.

Investors wait Taubman Centers, Inc. (NYSE:TCO) to report on November, 7. its quarterly earnings Wall Street analysts expect $0.93 EPS, down $0.01 or 1.06 % from last year’s $0.94 same quarter earnings. This translates into $56.49 million profit for TCO giving the stock a 14.12 P/E. This is assuming the current $0.93 EPS is accurate. Taubman Centers, Inc.’s Wall Street analysts see 8.14 % EPS growth, taking into account the $0.86 EPS reproted in the previous quarter,

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: “After The Loss, Land And Buildings Sends Letter To Taubman Centers” on June 09, 2017, also Reuters.com with their article: “Taubman Centers’ shareholders back company’s board nominees” published on June 01, 2017, Crainsdetroit.com published: “Investor sues Taubman Centers in ongoing proxy fight” on May 17, 2017. More interesting news about Taubman Centers, Inc. (NYSE:TCO) were released by: Seekingalpha.com and their article: “Land And Buildings Letter To Taubman Centers” published on May 18, 2017 as well as Seekingalpha.com‘s news article titled: “Unlocking The Value In Taubman” with publication date: September 04, 2017.

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