BMO Capital: Time To Buy Taubman Centers (NYSE:TCO)? Has $48.0 Valuation Target

September 17, 2017 - By Ellis Scott

 BMO Capital: Time To Buy Taubman Centers (NYSE:TCO)? Has $48.0 Valuation Target

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

Moreover, Jpmorgan Chase Com has 0.01% invested in Taubman Centers, Inc. (NYSE:TCO). Aqr Mngmt Ltd Liability has invested 0% in Taubman Centers, Inc. (NYSE:TCO). Texas-based Capstone Asset Management has invested 0.01% in Taubman Centers, Inc. (NYSE:TCO). Pub Employees Retirement Association Of Colorado accumulated 0.01% or 14,738 shares. Stifel Financial Corporation holds 0% or 7,054 shares. Qs Limited Liability Co invested 0% in Taubman Centers, Inc. (NYSE:TCO). Mutual Of America Cap Mgmt Limited Liability Company reported 46,188 shares. Schroder Mngmt Grp Inc stated it has 0% of its portfolio in Taubman Centers, Inc. (NYSE:TCO). Ajo Ltd Partnership reported 0.22% of its portfolio in Taubman Centers, Inc. (NYSE:TCO). Services Corp has invested 0% in Taubman Centers, Inc. (NYSE:TCO). State Common Retirement Fund owns 0.02% invested in Taubman Centers, Inc. (NYSE:TCO) for 154,220 shares. Prudential accumulated 1.05 million shares or 0.12% of the stock. Teachers Insur And Annuity Association Of America, New York-based fund reported 63,335 shares. Amer Int Gp has 0.03% invested in Taubman Centers, Inc. (NYSE:TCO) for 116,397 shares. Keybank National Association Oh holds 0.01% of its portfolio in Taubman Centers, Inc. (NYSE:TCO) for 11,458 shares.

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

Investment analysts at BMO Capital initiated coverage on shares of Taubman Centers (NYSE:TCO) in analysts note revealed to clients and investors on 11 September. The financial company set “Sell” rating on the stock. BMO Capital’s price target of $48.0 suggests potential of -8.61 % from the stock’s close price.

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

Moreover, Jpmorgan Chase Com has 0.01% invested in Taubman Centers, Inc. (NYSE:TCO). Aqr Mngmt Ltd Liability has invested 0% in Taubman Centers, Inc. (NYSE:TCO). Texas-based Capstone Asset Management has invested 0.01% in Taubman Centers, Inc. (NYSE:TCO). Pub Employees Retirement Association Of Colorado accumulated 0.01% or 14,738 shares. Stifel Financial Corporation holds 0% or 7,054 shares. Qs Limited Liability Co invested 0% in Taubman Centers, Inc. (NYSE:TCO). Mutual Of America Cap Mgmt Limited Liability Company reported 46,188 shares. Schroder Mngmt Grp Inc stated it has 0% of its portfolio in Taubman Centers, Inc. (NYSE:TCO). Ajo Ltd Partnership reported 0.22% of its portfolio in Taubman Centers, Inc. (NYSE:TCO). Services Corp has invested 0% in Taubman Centers, Inc. (NYSE:TCO). State Common Retirement Fund owns 0.02% invested in Taubman Centers, Inc. (NYSE:TCO) for 154,220 shares. Prudential accumulated 1.05 million shares or 0.12% of the stock. Teachers Insur And Annuity Association Of America, New York-based fund reported 63,335 shares. Amer Int Gp has 0.03% invested in Taubman Centers, Inc. (NYSE:TCO) for 116,397 shares. Keybank National Association Oh holds 0.01% of its portfolio in Taubman Centers, Inc. (NYSE:TCO) for 11,458 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) has “Equal-Weight” rating given on Thursday, February 16 by Morgan Stanley. BMO Capital Markets initiated Taubman Centers, Inc. (NYSE:TCO) rating on Monday, September 11. BMO Capital Markets has “Sell” rating and $48.0 target. As per Friday, September 18, the company rating was initiated by Raymond James. The firm earned “Hold” rating on Monday, June 19 by Jefferies. The firm earned “Outperform” rating on Monday, August 24 by Oppenheimer. Evercore maintained Taubman Centers, Inc. (NYSE:TCO) rating on Tuesday, September 8. Evercore has “Buy” rating and $78 target. The stock of Taubman Centers, Inc. (NYSE:TCO) earned “Hold” rating by Evercore on Monday, November 16. The firm earned “Hold” rating on Monday, July 31 by Boenning & Scattergood. Goldman Sachs upgraded Taubman Centers, Inc. (NYSE:TCO) on Wednesday, September 28 to “Buy” rating. The firm earned “Hold” rating on Wednesday, August 23 by Jefferies.

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.

Wall Street await Taubman Centers, Inc. (NYSE:TCO) to release earnings on November, 7. Analysts forecast EPS 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: “After The Loss, Land And Buildings Sends Letter To Taubman Centers” on June 09, 2017, also Seekingalpha.com with their article: “Land And Buildings Letter To Taubman Centers” published on May 18, 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: “Unlocking The Value In Taubman” published on September 04, 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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