Macy’s Inc – Consensus Indicates Potential 5.4% Upside

Broker Ratings

Macy’s Inc with ticker code (M) have now 13 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 27 and 15 with a mean TP of 22.77. Now with the previous closing price of 21.6 this indicates there is a potential upside of 5.4%. The 50 day moving average now sits at 20.91 and the 200 day MA is 18.46. The company has a market cap of $7,009m. You can visit the company’s website by visiting: http://www.macysinc.com

Macy’s, an omnichannel retail organization, operates stores, websites, and mobile applications under the Macy’s, Bloomingdale’s, and bluemercury brands. It sells a range of merchandise, including apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods. As of January 30, 2021, the company operated 727 store locations in 43 states, the District of Columbia, Puerto Rico, and Guam. It also operates in Dubai, the United Arab Emirates and Al Zahra, Kuwait under the license agreements. The company was formerly known as Federated Department Stores and changed its name to Macy’s in 2007. Macy’s was founded in 1830 and is headquartered in New York, New York.

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