BMO Capital Says That Taubman Centers (NYSE:TCO) Has $48.0 Stock Target

September 17, 2017 - By Michael Collier

 BMO Capital Says That Taubman Centers (NYSE:TCO) Has $48.0 Stock Target

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.

Barclays Pcl holds 0% or 40,842 shares in its portfolio. 139,713 are owned by California Employees Retirement Systems. Kempen Capital Mngmt Nv stated it has 0.34% of its portfolio in Taubman Centers, Inc. (NYSE:TCO). Great West Life Assurance Co Can has 0.01% invested in Taubman Centers, Inc. (NYSE:TCO) for 69,013 shares. The Maryland-based Price T Rowe Associates Incorporated Md has invested 0.03% in Taubman Centers, Inc. (NYSE:TCO). Tci Wealth Advsr Inc reported 0% in Taubman Centers, Inc. (NYSE:TCO). Voya Management Ltd Limited Liability Company reported 80,904 shares. Principal Finance Grp Inc Inc invested in 0.02% or 238,172 shares. Wisconsin-based Mason Street Advsrs Ltd Liability Corp has invested 0.06% in Taubman Centers, Inc. (NYSE:TCO). Northern Tru invested in 737,737 shares or 0.02% of the stock. Geode Mgmt Ltd Liability Corp has invested 0.02% of its portfolio in Taubman Centers, Inc. (NYSE:TCO). Invest Advsrs Limited Com holds 0.43% or 6,020 shares. Ubs Asset Mngmt Americas owns 117,297 shares. Credit Suisse Ag reported 239,105 shares. Morgan Stanley, New York-based fund reported 1.14M shares.

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

In a research note sent to clients and investors today, BMO Capital analysts has initiated Taubman Centers (NYSE:TCO) coverage with Sell rating, and a $48.0 PT.

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.

Barclays Pcl holds 0% or 40,842 shares in its portfolio. 139,713 are owned by California Employees Retirement Systems. Kempen Capital Mngmt Nv stated it has 0.34% of its portfolio in Taubman Centers, Inc. (NYSE:TCO). Great West Life Assurance Co Can has 0.01% invested in Taubman Centers, Inc. (NYSE:TCO) for 69,013 shares. The Maryland-based Price T Rowe Associates Incorporated Md has invested 0.03% in Taubman Centers, Inc. (NYSE:TCO). Tci Wealth Advsr Inc reported 0% in Taubman Centers, Inc. (NYSE:TCO). Voya Management Ltd Limited Liability Company reported 80,904 shares. Principal Finance Grp Inc Inc invested in 0.02% or 238,172 shares. Wisconsin-based Mason Street Advsrs Ltd Liability Corp has invested 0.06% in Taubman Centers, Inc. (NYSE:TCO). Northern Tru invested in 737,737 shares or 0.02% of the stock. Geode Mgmt Ltd Liability Corp has invested 0.02% of its portfolio in Taubman Centers, Inc. (NYSE:TCO). Invest Advsrs Limited Com holds 0.43% or 6,020 shares. Ubs Asset Mngmt Americas owns 117,297 shares. Credit Suisse Ag reported 239,105 shares. Morgan Stanley, New York-based fund reported 1.14M 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 stock of Taubman Centers, Inc. (NYSE:TCO) earned “Overweight” rating by JP Morgan on Thursday, December 17. The firm has “Outperform” rating by Cowen & Co given on Wednesday, October 14. As per Wednesday, September 28, the company rating was upgraded by Goldman Sachs. The rating was downgraded by Morgan Stanley on Thursday, February 16 to “Equal-Weight”. The stock of Taubman Centers, Inc. (NYSE:TCO) earned “Hold” rating by Jefferies on Monday, July 24. Raymond James initiated the shares of TCO in report on Friday, September 18 with “Mkt Perform” rating. Boenning & Scattergood maintained the stock with “Hold” rating in Monday, July 31 report. The firm has “Neutral” rating by Goldman Sachs given on Wednesday, January 11. Evercore downgraded the shares of TCO in report on Monday, November 16 to “Hold” rating. The rating was maintained by UBS with “Neutral” on Thursday, September 29.

The stock decreased 0.85% or $0.45 on September 15, reaching $52.52. About 1.17M 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.

Analysts expect Taubman Centers, Inc. (NYSE:TCO) to report $0.93 EPS on November, 7.They anticipate $0.01 EPS change or 1.06 % from last quarter’s $0.94 EPS. TCO’s profit would be $56.49 million giving it 14.12 P/E if the $0.93 EPS is correct. After having $0.86 EPS previously, Taubman Centers, Inc.’s analysts see 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: Crainsdetroit.com which released: “Activist investor launches Taubman Centers proxy battle” on April 19, 2017, also Seekingalpha.com with their article: “Mystery REIT Shopper: Taubman Centers” published on February 10, 2017, Seekingalpha.com published: “Taubman Centers’ (TCO) CEO Robert Taubman Presents at Bank of America Merrill …” on September 13, 2017. More interesting news about Taubman Centers, Inc. (NYSE:TCO) were released by: Seekingalpha.com and their article: “Unlocking The Value In Taubman” published on September 04, 2017 as well as Seekingalpha.com‘s news article titled: “Land And Buildings Letter To Taubman Centers” with publication date: May 18, 2017.

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