Will Howard Hughes Be Able to Get Back on Track?

Today Barrons is reporting: "Howard Hughes stock ( ticker: HHC ) lost a quarter of its value in 2022. The company is currently in a fight to demonstrate that there's enough water for it to develop a large planned community in Arizona." For full coverage click here. Shares of the mid-cap Real Estate company have not moved much on the news as of the afternoon trading session, and are currently trading at $75.94.

The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. The company belongs to the Real Estate sector, which has an average price to earnings (P/E) ratio of 27.16 and an average price to book (P/B) ratio of 2.39. In contrast, Howard Hughes has a trailing 12 month P/E ratio of 16.5 and a P/B ratio of 1.1.

Howard Hughes has moved -24.9% over the last year compared to -19.2% for the S&P 500 -- a difference of -5.7%. Howard Hughes has a 52 week high of $105.51 and a 52 week low of $50.9. At today's price of $75.94 per share, Howard Hughes is -24.06% away from its target price of $100, and on average, analysts give the stock a rating of buy. 7.0% of the company's shares are linked to short positions, and 100.5% of the shares are owned by institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.