Macys Inc (M) : The consensus on Macys Inc (M) based on 14 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 12 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Macys Inc (M) : The most positive equity analysts on Macys Inc (M) expects the shares to touch $64, whereas, the least positive believes that the stock will trade at $33 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $38.64 with an expected fluctuation of $8.94 from the mean.
Macys Inc (NYSE:M): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.93 and $32.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.61, notching a gain of 1.54% for the day. The total traded volume was 5,912,604 . The stock had closed at $33.10 on the previous day.
Also, Equity Analysts at the Morgan Stanley maintains the rating on Macys Inc (NYSE:M). The brokerage firm has issued a Equal-weight rating on the shares. The Analysts at the ratings agency lowers the price target from $40 per share to $35 per share. The rating by the firm was issued on May 12, 2016. The company shares have dropped -49.98% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $73.61 and the one year low was seen on May 18, 2016. The 50-Day Moving Average price is $32.60 and the 200 Day Moving Average price is recorded at $38.24.
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.