Macy's (NYSE:M) had its price objective lifted by equities researchers at Deutsche Bank from $27.00 to $28.00 in a report issued on Monday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s target price indicates a potential upside of 4.71% from the stock’s previous close.
A number of other analysts also recently weighed in on M. Zacks Investment Research upgraded Macy's from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Wednesday, January 10th. Royal Bank of Canada set a $26.00 price objective on Macy's and gave the company a “hold” rating in a report on Friday, January 19th. ValuEngine downgraded Macy's from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Guggenheim restated a “buy” rating and issued a $27.00 price objective on shares of Macy's in a report on Friday, December 15th. Finally, Canaccord Genuity restated a “buy” rating and issued a $9.50 price objective on shares of Macy's in a report on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $25.69.
Shares of Macy's (NYSE M) opened at $26.74 on Monday. The firm has a market capitalization of $8,144.10, a price-to-earnings ratio of 11.78, a P/E/G ratio of 1.10 and a beta of 0.98. Macy's has a 1-year low of $17.41 and a 1-year high of $33.73. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 1.49.
Macy's Company Profile
Macy’s, Inc is an omnichannel retail company operating stores, Websites and mobile applications under various brands, such as Macy’s, Bloomingdale’s and Bluemercury. The Company sells a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods.
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