Stock To Watch: Mack-Cali Realty Corporation (NYSE:CLI)


The leading market experts have placed a mean price target of $28.79 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 $0.52 a share for the upcoming quarter and $2.11 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 $27.71, and stock is trading $0.81 points away or +2.92% from its 50-day moving average of $27.71. Further it is trading $3.25 or +12.84% away its 200-day moving average of $25.27. Mack-Cali Realty Corporation (NYSE:CLI) 52-week high is $28.75 and the 52-week low is $17.35.

This explains if the stock moves $-0.23, it will post a 52-week high. In event of +64.38% 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 $28.52 and registered a market cap of $2.56B. 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 2.48.

1 Chart Pattern Every Investor Should Know

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