In a report issued on November 30, Haendel St. Juste from Mizuho Securities reiterated a Sell rating on CBL and Associates (CBL), with a price target of $3. The company’s shares opened today at $2.62, close to its 52-week low of $2.50.
According to TipRanks.com, Juste is a 2-star analyst with an average return of -0.3% and a 48.5% success rate. Juste covers the Financial sector, focusing on stocks such as Spirit Realty Capital, Invitation Homes Inc, and Realty Income Corp.
CBL and Associates has an analyst consensus of Strong Sell, with a price target consensus of $2.66, implying a 1.5% upside from current levels. In a report issued on November 26, BTIG also maintained a Sell rating on the stock with a $2 price target.
Based on CBL and Associates’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $9.25 million. In comparison, last year the company had a net profit of $7.58 million.
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CBL & Associates Properties, Inc. is a real estate investment trust, which owns and operates retail properties. The firm engages in owning, developing, acquiring, leasing, managing and operating regional shopping malls, open-air centers, community centers and office properties. It operates through Malls and All Other segments.