Is Taubman Centers (NYSE:TCO) Finally Worth Your Time? What Does BMO Capital Think?

September 17, 2017 - By Michael Collier

 Is Taubman Centers (NYSE:TCO) Finally Worth Your Time? 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.

Assets Mgmt Limited Liability Company reported 0.91% stake. Ray Gerald L Associates Limited stated it has 10,000 shares. Kemper Corp Master Retirement stated it has 0.09% in Taubman Centers, Inc. (NYSE:TCO). Texas Permanent School Fund has 0.04% invested in Taubman Centers, Inc. (NYSE:TCO) for 44,076 shares. Cornerstone Management Ltd stated it has 0.02% in Taubman Centers, Inc. (NYSE:TCO). Apg Asset Mgmt Us holds 3.77 million shares or 2.32% of its portfolio. Moreover, Rhumbline Advisers has 0.02% invested in Taubman Centers, Inc. (NYSE:TCO). Sumitomo Mitsui Asset Mgmt Com reported 2,854 shares. American Century Cos Inc holds 0.03% or 427,453 shares. Paloma Partners Mgmt owns 4,000 shares or 0% of their US portfolio. Moreover, New Mexico Educational Retirement Board has 0.03% invested in Taubman Centers, Inc. (NYSE:TCO) for 8,146 shares. Employees Retirement Sys Of Texas accumulated 75,000 shares. State Of Wisconsin Board, Wisconsin-based fund reported 32,057 shares. Moreover, Cadence Mgmt Limited Liability has 0.02% invested in Taubman Centers, Inc. (NYSE:TCO) for 4,394 shares. Oregon Employees Retirement Fund has invested 0.03% in Taubman Centers, Inc. (NYSE:TCO).

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

BMO Capital analyst has initiated coverage with a Sell rating on Taubman Centers (NYSE:TCO) today and set a price target of $48.0. The firm’s shares opened today at 0.

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.

Assets Mgmt Limited Liability Company reported 0.91% stake. Ray Gerald L Associates Limited stated it has 10,000 shares. Kemper Corp Master Retirement stated it has 0.09% in Taubman Centers, Inc. (NYSE:TCO). Texas Permanent School Fund has 0.04% invested in Taubman Centers, Inc. (NYSE:TCO) for 44,076 shares. Cornerstone Management Ltd stated it has 0.02% in Taubman Centers, Inc. (NYSE:TCO). Apg Asset Mgmt Us holds 3.77 million shares or 2.32% of its portfolio. Moreover, Rhumbline Advisers has 0.02% invested in Taubman Centers, Inc. (NYSE:TCO). Sumitomo Mitsui Asset Mgmt Com reported 2,854 shares. American Century Cos Inc holds 0.03% or 427,453 shares. Paloma Partners Mgmt owns 4,000 shares or 0% of their US portfolio. Moreover, New Mexico Educational Retirement Board has 0.03% invested in Taubman Centers, Inc. (NYSE:TCO) for 8,146 shares. Employees Retirement Sys Of Texas accumulated 75,000 shares. State Of Wisconsin Board, Wisconsin-based fund reported 32,057 shares. Moreover, Cadence Mgmt Limited Liability has 0.02% invested in Taubman Centers, Inc. (NYSE:TCO) for 4,394 shares. Oregon Employees Retirement Fund has invested 0.03% in Taubman Centers, Inc. (NYSE:TCO).

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. BTIG Research initiated the stock with “Neutral” rating in Thursday, August 25 report. The stock of Taubman Centers, Inc. (NYSE:TCO) has “Hold” rating given on Monday, July 31 by Boenning & Scattergood. The firm has “Buy” rating given on Wednesday, September 28 by Goldman Sachs. The stock of Taubman Centers, Inc. (NYSE:TCO) earned “Neutral” rating by Goldman Sachs on Wednesday, January 11. The firm earned “Outperform” rating on Wednesday, March 16 by Credit Suisse. As per Tuesday, September 8, the company rating was maintained by Evercore. On Monday, June 19 the stock rating was maintained by Jefferies with “Hold”. The firm has “Hold” rating by Jefferies given on Monday, July 24. The firm has “Sell” rating by BMO Capital Markets given on Monday, September 11. UBS maintained the stock with “Neutral” rating in Thursday, September 29 report.

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 $56.49 million 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: Crainsdetroit.com which released: “Activist investor launches Taubman Centers proxy battle” on April 19, 2017, also Seekingalpha.com with their article: “After The Loss, Land And Buildings Sends Letter To Taubman Centers” published on June 09, 2017, Seekingalpha.com published: “Unlocking The Value In Taubman” on September 04, 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 Reuters.com‘s news article titled: “Taubman Centers’ shareholders back company’s board nominees” with publication date: June 01, 2017.

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