Macys Inc (M) : The consensus on Macys Inc (M) based on 12 analyst recommendation on the company stock is 2.83, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 11 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Macys Inc (M) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $48 and the lowest price target forecast is $37. The average forecast of all the analysts is $41 and the expected standard deviation is $3.33.
Also, Citigroup maintains its rating on Macys Inc (NYSE:M). The global brokerage major raises the current price target from $30 per share to $44 per share. Analysts at the Citigroup have a current rating of Neutral on the shares. The rating by the firm was issued on August 12, 2016.
Macys Inc (NYSE:M): After opening at $35.11, the stock dipped to an intraday low of $35.06 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $35.875 and the buying power remained strong till the end. The stock closed at $35.56 for the day, a gain of 0.99% for the day session. The total traded volume was 5,818,549. The stocks close on the previous trading day was $35.21.
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.