Macys Inc (M) stock is expected to deviate a maximum of $3.33 from the average target price of $41 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $48 and the most muted being $37.
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.
Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on Macys Inc (NYSE:M). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $30 per share to $44 per share. The rating by the firm was issued on August 12, 2016.
Macys Inc (NYSE:M): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.32 and $36.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.34, notching a gain of 0.44% for the day. The total traded volume was 6,773,971 . The stock had closed at $36.18 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.