CBL & Associates Properties, Inc. (NYSE:CBL) was downgraded by equities research analysts at Jefferies Group LLC from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, November 6th, MarketBeat Ratings reports. Jefferies Group also issued estimates for CBL & Associates Properties’ Q4 2017 earnings at $0.57 EPS, FY2017 earnings at $2.08 EPS, FY2018 earnings at $1.93 EPS and FY2019 earnings at $1.76 EPS.
Other research analysts also recently issued research reports about the stock. Boenning Scattergood reaffirmed a “hold” rating on shares of CBL & Associates Properties in a research note on Monday, August 7th. Zacks Investment Research raised shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Stifel Nicolaus initiated coverage on shares of CBL & Associates Properties in a report on Friday, July 14th. They set a “hold” rating and a $8.25 target price on the stock. ValuEngine cut shares of CBL & Associates Properties from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub cut shares of CBL & Associates Properties from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Six analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $9.72.
CBL & Associates Properties (CBL) traded down $0.06 during mid-day trading on Monday, reaching $5.69. 1,530,000 shares of the company traded hands, compared to its average volume of 5,720,000. The stock has a market cap of $963.41, a P/E ratio of 2.61, a PEG ratio of 0.69 and a beta of 1.22. CBL & Associates Properties has a 52 week low of $5.46 and a 52 week high of $12.35. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 3.39.
CBL & Associates Properties Company Profile
CBL & Associates Properties, Inc is a self-managed, self-administered, integrated real estate investment trust. The Company owns, develops, acquires, leases, manages and operates regional shopping malls, open-air and mixed-use centers, outlet centers, associated centers, community centers and office properties.
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