The leading market experts have placed a mean price target of $27.69 on Mack-Cali Realty Corporation (NYSE:CLI) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.53 a share for the upcoming quarter and $2.08 for the current fiscal. Technical View The technical analysis of Mack-Cali Realty Corporation Co plainly substantiates that the 50-day moving average of Mack-Cali Realty Corporation Co is $27.19, and stock is hovering 1.01 or +3.71% distant from $27.19. It is noted that the 200-day MA is $23.75, and Mack-Cali Realty Corporation Co stock is $4.45 or +18.74% off from this point. Mack-Cali Realty Corporation (NYSE:CLI) 52-week high is $28.34 and the 52-week low is $17.35. This explains if the stock moves $-0.14, it will post a 52-week high. In event of $+62.54% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Mack-Cali Realty Corporation Co, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Mack-Cali Realty Corporation (NYSE:CLI) ratio came in at N/A. The stock last ended the trading session at $28.20 and registered a market cap of $2.53B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Mack-Cali Realty Corporation (NYSE:CLI) PEG ratio is at 2.46.
1 Chart Pattern Every Investor Should Know