SITE CENTERS CORP.

SITC
Delayed Quote. Delayed  - 07/02 04:10:00 pm
7.95USD -1.61%

SITE Centers Corp. : The technical configuration is deteriorating

David Meurisse
Contributor / Partner

Strategy published on : 06/30/2020 | 09:58

short sell
Live

Entry price : 7.89$
Target : 6.1$
Stop-loss : 9.04$
Potential : 22.69%

Shares in SITE Centers Corp. reflect a technical chart that has deteriorated, suggesting that the beginning of a tendency reversal is near, which could lead to a somewhat longer downward-trading phase.
Investors should open a short trade and target the $ 6.1.

Summary

● The company usually posts poor financials for mid or long term investments.

● For a short-term investment strategy, the company has poor fundamentals.


Strengths

● This company will be of major interest to investors in search of a high dividend stock.


Weaknesses

● According to forecast, a sluggish sales growth is expected for the next fiscal years.

● Low profitability weakens the company.

● The company is in a hindered financial situation with significant debt and rather low EBITDA levels.

● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.

● Based on current prices, the company has particularly high valuation levels.

● With an expected P/E ratio at 43.41 and 90.62 respectively for both the current and next fiscal years, the company operates with high earnings multiples.

● The sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company.

● For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.

● Analysts covering the stock have recently lowered their earnings forecast.

● For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.

● The three month average target prices set by analysts do not offer high potential in comparison with the current prices.

Zonebourse.com 2020
Copier lien
Latest news on SITE CENTERS CORP.
2d ago
06/02
06/02
05/14
04/30