Macy’s Inc – Consensus Indicates Potential 17.7% Upside

Broker Ratings

Macy’s Inc found using ticker (M) now have 12 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 30 and 14 calculating the average target price we see 23.69. Now with the previous closing price of 20.13 this would imply there is a potential upside of 17.7%. The 50 day MA is 21.28 and the 200 day MA is 20.51. The market cap for the company is $5,941m. Company Website: https://www.macysinc.com

The potential market cap would be $6,991m based on the market concensus.

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Macy’s, an omni-channel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, such as apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of January 29, 2022, it operated 725 department stores in the District of Columbia, Puerto Rico, and Guam under the Macy’s, Macy’s Backstage, Market by Macy’s, Bloomingdale’s, Bloomingdale’s The Outlet, Bloomies, and bluemercury brands. It also operates in Dubai, the United Arab Emirates, and Al Zahra, Kuwait under the license agreements. The company also operates as a beauty products and spa retailer. The company was formerly known as Federated Department Stores and changed its name to Macy’s in June 2007. Macy’s was founded in 1830 and is based in New York, New York.

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