Macys Inc (M) : 1 brokerage houses believe that Macys Inc (M) is a Strong Buy at current levels. 12 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Macys Inc (M). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 13 Wall Street Analysts endorse the stock as a Hold with a rating of 2.85.
Macys Inc (M) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $44 and the lowest price target forecast is $33. The average forecast of all the analysts is $36.3 and the expected standard deviation is $3.16.
Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm Deutsche Bank maintains its rating on Macys Inc (NYSE:M). As per the latest information, the brokerage house raises the price target to $37 per share from a prior target of $35. The shares have been rated Hold. The rating by the firm was issued on July 25, 2016.
Macys Inc (NYSE:M): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.92 and $31.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.43, notching a gain of 2.05% for the day. The total traded volume was 10,820,014 . The stock had closed at $32.76 on the previous day.
Macys, Inc. is an omnichannel retail company operating stores, Websites (macys.com, bloomingdales.com and bluemercury.com) and mobile. As of January 31, 2015, the operations of the Company included 823 stores with an area of approximately 147,400,000 square feet in 45 states of the United States, the District of Columbia, Guam and Puerto Rico. Of these 823 stores, 447 were owned, 267 were leased and 109 stores were operated under arrangements where the Company owned the building and leased the land. The Company operates its stores under the names of Macys, Bloomingdales, Bloomingdales Outlet and Bluemercury. The Company operates 13 Bloomingdales outlet stores. Bloomingdales in Dubai, the United Arab Emirates is operated under a license agreement with Al Tayer Insignia, a company of Al Tayer Group, LLC.