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Taubman Centers (TCO) Posts Earnings Results, Beats Estimates By $0.01 EPS

Taubman Centers Inc. has $94 highest and $48.0 lowest target.

The stock increased 1.03% or $0.17 during the last trading session, reaching $16.65. About 799,987 shares traded. Taubman Centers, Inc. (NYSE:TCO) has declined 13.21% since February 8, 2017 and is downtrending. It has underperformed by 16.70% the S&P500. The company has market cap of $4.79 billion. Company insiders own 31.20% of the company's stock. The firm had revenue of $172.18 million for the quarter, compared to analysts' expectations of $164.26 million. Brown Brothers Harriman & Co who had been investing in Merck & Co. Inc. The Private Management Group Inc holds 999,470 shares with $17.59M value, up from 743,201 last quarter. It has outperformed by 0.16% the S&P500.

Investors sentiment is 1.22 in 2017 Q3. Its down 0.01, from 1.07 in 2017Q2. Mutual Of America Mngmt Ltd Limited Liability Company invested in 50,949 shares. 26 funds opened positions while 42 raised stakes. Alpine Woods Cap Investors Ltd Liability Corporation holds 0.04% or 15,297 shares in its portfolio. Knightsbridge Asset Management Llc owns 401,187 shares or 5.49% of their United States portfolio. Prudential Incorporated, a New Jersey-based fund reported 1.10 million shares. Scotia owns 170,831 shares. The Illinois-based North Star Investment Management Corp. has invested 2.07% in the stock. Kemper Master Retirement Trust reported 0.09% stake. Ameriprise Fincl reported 620,789 shares.

Wolverine Asset Management Llc decreased Pepsico Inc (Call) (NYSE:PEP) stake by 73,800 shares to 1,200 valued at $133,000 in 2017Q3. Schwab Charles Investment Management Inc. now owns 739,620 shares of the real estate investment trust's stock worth $36,760,000 after purchasing an additional 131,387 shares during the last quarter.

Among 23 analysts covering Merck & Co. Inc. had 76 analyst reports since August 13, 2015 according to SRatingsIntel. (NYSE:MRK), 16 have Buy rating, 0 Sell and 7 Hold. JP Morgan upgraded the shares of TCO in report on Thursday, December 17 to "Overweight" rating. (NYSE:MRK) rating on Thursday, August 13. BMO Capital Markets has "Outperform" rating and $70 target. As per Monday, August 24, the company rating was upgraded by Oppenheimer. The rating was maintained by Robert W. Baird on Thursday, October 12 with "Neutral". Boenning Scattergood reissued a "hold" rating on shares of Taubman Centers in a report on Friday, November 3rd. Societe Generale initiated Merck & Co., Inc. Morgan Stanley has "Equal-Weight" rating and $63 target. Jefferies has "Hold" rating and $5800 target. The rating was maintained by Stifel Nicolaus with "Buy" on Friday, July 14. Jefferies maintained it with "Hold" rating and $56.0 target in Friday, December 22 report. First LP has invested 0% in Taubman Centers, Inc. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company's stock. Therefore 24% are positive. Taubman Ctrs Inc now has $4.72 billion valuation. (NYSE:TCO) has "Buy" rating given on Wednesday, September 28 by Goldman Sachs. The firm has "Hold" rating given on Wednesday, October 11 by Jefferies.

Several research firms have weighed in on TCO. Independent Order Of Foresters has invested 2.24% of its portfolio in Taubman Centers, Inc. (NYSE:TCO) rating on Thursday, September 29. On Monday, July 24 the stock rating was maintained by Jefferies with "Hold". As per Monday, September 18, the company rating was downgraded by Morgan Stanley. Mizuho reaffirmed a "neutral" rating on shares of Taubman Centers in a research note on Wednesday, November 8th. Taubman Centers posted sales of $166.19 million in the same quarter last year, which suggests a negative year-over-year growth rate of 1.2%. (NYSE:TCO) has "Underperform" rating given on Tuesday, January 12 by Jefferies. Evercore has "Buy" rating and $78 target.

Since December 13, 2017, it had 1 buy, and 3 selling transactions for $5.60 million activity. $3.64 million worth of Taubman Centers, Inc. TAUBMAN WILLIAM S had sold 35,000 shares worth $2.19M on Wednesday, December 13. Also, Director Cornelia Connelly Marakovits purchased 4,000 shares of the stock in a transaction that occurred on Friday, December 15th.

Investors sentiment is 1.22 in Q3 2017. Its the same as in 2017Q2.

A number of institutional investors and hedge funds have recently modified their holdings of TCO. Ubs Asset Mgmt Americas has 155,557 shares. Wellington Group Ltd Liability Partnership accumulated 196,949 shares or 0% of the stock. The company has an average rating of Hold and a consensus target price of $65.00. (NYSE:TCO) for 499 shares. Covington Management stated it has 0% of its portfolio in Abraxas Petroleum Corporation (NASDAQ:AXAS). Long Pond Capital, LP is the second biggest holder with 3 million shares now valued at 150.53 million whilst State Street Corp has 3 million shares valued at 134.37 million. Qs Investors Ltd Liability Corporation invested in 0.01% or 817,679 shares. (NYSE:TCO). Numeric Limited Liability invested in 737,077 shares or 0.28% of the stock. Aew Management LP has invested 1.34% of its portfolio in Taubman Centers, Inc. (NYSE:TCO). The Pennsylvania-based Nationwide Fund Advisors has invested 0.04% in Taubman Centers, Inc.

WARNING: "Taubman Centers (TCO) Posts Earnings Results, Beats Estimates By $0.01 EPS" was originally reported by TrueBlueTribune and is owned by of TrueBlueTribune. (NYSE:TCO) for 68,429 shares. Balyasny Asset invested in 0.1% or 517,502 shares.

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