Let’s reassess the active stocks with an eye toward CBL stock. Just how should we respond to Thursday’s drubbing? Is the mighty fruit now destined to decay? Or is this a mere bruising and nothing more? On 14 March, shares of CBL & Associates Properties, Inc (NYSE:CBL) closed higher after a volatile session. The shares accumulated 0.03 points or 1.53 percent at $1.99 with a light trade volume of 2.247 million shares. After opening the session at $1.97, the shares went as high as $2.01 and as low as $1.93, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $351 million and now has 176.19 million shares outstanding. CBL & Associates Properties, Inc (CBL) stock has lost -11.16 percent of market value in 21 trading days.
CBL stock has a trailing 3-year beta of 1.58, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$0.72 a share in the trailing twelve months. The stock’s value has surged 3.65 percent year to date (YTD) against a decline of -57.84 percent in 12 month’s time. The company’s shares still trade -68.21 percent away from its 1-year high of $6.26 and 11.48 percent up from 52-week low of $1.78. The average consensus rating on the company is 4, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a hold.
CBL & Associates Properties, Inc (CBL) will probably climb 7.54 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $3-month high price target. This represents a whopping 50.75 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $2, which represents a return potential of 0.5 percent when compared to the closing price of the stock of $1.99 on Thursday, March 14. The lowest price target for the stock is $1 — slightly more than -49.75 percent from CBL’s current share price.
History has shown that shares in CBL & Associates Properties, Inc have gone down on 21 different earnings reaction days and are predicted to add 0.04 percent when the company reports upcoming earnings. Investors will get their next glimpse of CBL’s Q1 earnings on April 25. Analysts are forecasting revenue to suffer decline of -11.6 percent to $195M in the fiscal first quarter, while earnings are seen soaring by nearly -16.67 percent to -$0.05 per share. It earned -$0.39 per share, worse than the $0.01, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $217M, better than the $212M analysts expected. Earnings are estimated to increase by -256.3 percent this year, -50 percent next year and continue to increase by 4.9 percent annually for the next 5 years.
The stock is currently hovering around the first support level of $1.94. Below this, the next support is placed in the zone of $1.9. Till the time, the CBL stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 43.66 on daily chart, which may remain a cause for concern. If the price breaks below $1.9 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $2.02 mark may result into a pull-back move towards $2.06 level.
Further, it is sporting a 0.41 on the Price-to-Sales ratio. Compare this with the industry average P/S of 11.66. 70.6 percent is the gross profit margin for CBL & Associates Properties, Inc and operating margin sits at 9.8 percent. Along with this, the net profit margin is -14.4 percent.