TOday’s Movers: Macy’s Inc (NYSE:M) Stock Rating Reconfirmed by Analysts at Jefferies; $21.0 Target Price Indicates -7.00 % Potential

September 17, 2017 - By Linda Rogers

 TOday’s Movers: Macy's Inc (NYSE:M) Stock Rating Reconfirmed by Analysts at Jefferies; $21.0 Target Price Indicates  7.00 % Potential

Macy’s Inc (NYSE:M) Rating Reaffirmed

Jefferies now has a $21.0 target price on the $6.88B market cap company or -7.00 % downside potential. In an analyst note sent to clients and investors on 11 September, Macy’s Inc (NYSE:M) shares have had their Hold Rating reconfirmed by analysts at Jefferies.

Macy’s Inc (NYSE:M) Ratings Coverage

Among 31 analysts covering Macy’s Inc. (NYSE:M), 7 have Buy rating, 1 Sell and 23 Hold. Therefore 23% are positive. Macy’s Inc. has $139.0 highest and $21.0 lowest target. $42.19’s average target is 86.85% above currents $22.58 stock price. Macy’s Inc. had 87 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was reinitiated by JP Morgan with “Neutral” on Thursday, January 21. The stock has “Neutral” rating by Goldman Sachs on Friday, December 4. The firm has “Hold” rating given on Friday, September 11 by S&P Research. The stock of Macy’s Inc (NYSE:M) has “Neutral” rating given on Thursday, August 20 by Sterne Agee CRT. The firm earned “Market Perform” rating on Friday, August 12 by Telsey Advisory Group. The firm has “Hold” rating given on Thursday, January 5 by Deutsche Bank. The rating was downgraded by OTR Global on Wednesday, November 4 to “Negative”. The firm earned “Buy” rating on Thursday, November 12 by Stifel Nicolaus. Gilford Securities downgraded Macy’s Inc (NYSE:M) on Tuesday, July 28 to “Sell” rating. The stock of Macy’s Inc (NYSE:M) has “Market Perform” rating given on Thursday, November 12 by Telsey Advisory Group.

The stock increased 2.64% or $0.58 on September 15, reaching $22.58. About 16.29 million shares traded or 53.53% up from the average. Macy’s Inc (NYSE:M) has declined 25.46% since September 17, 2016 and is downtrending. It has underperformed by 42.16% the S&P500.

Analysts expect Macy’s Inc (NYSE:M) to report $0.19 EPS on November, 9.They anticipate $0.02 EPS change or 11.76 % from last quarter’s $0.17 EPS. M’s profit would be $57.89M giving it 29.71 P/E if the $0.19 EPS is correct. After having $0.48 EPS previously, Macy’s Inc’s analysts see -60.42 % EPS growth.

Macy’s, Inc. is an omnichannel retail firm operating stores, Websites and mobile applications under various brands, such as Macy’s, Bloomingdale’s and Bluemercury. The company has market cap of $6.88 billion. The Firm sells a range of merchandise, including apparel and accessories , cosmetics, home furnishings and other consumer goods. It has a 10.23 P/E ratio. The Company’s subsidiaries provide various support functions to its retail operations.

More notable recent Macy’s Inc (NYSE:M) news were published by: Nasdaq.com which released: “Macy’s Inc (M) Ex-Dividend Date Scheduled for September 14, 2017” on September 13, 2017, also Fool.com with their article: “Macy’s completes another deal” published on September 09, 2017, Fool.com published: “Why Macy’s Inc. Stock Popped Today” on August 22, 2017. More interesting news about Macy’s Inc (NYSE:M) were released by: Nasdaq.com and their article: “Macy’s, Inc. Completes Another Big Real Estate Deal — but It’s Not the Next Sears” published on September 09, 2017 as well as Nasdaq.com‘s news article titled: “Should Value Investors Consider Macy’s Inc. (M) Stock Now?” with publication date: September 14, 2017.

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