Macy’s Inc found using ticker (M) now have 13 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 30 and 14 calculating the average target price we see 23.48. Now with the previous closing price of 22.44 this would imply there is a potential upside of 4.6%. There is a 50 day moving average of 22.14 and the 200 day MA is 20.16. The company has a market capitalisation of $6,176m. You can visit the company’s website by visiting: https://www.macysinc.com
The potential market cap would be $6,462m based on the market concensus.
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Macy’s, Inc., 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. It also operates department stores under the Macy’s, Macy’s Backstage, Market by Macy’s, Bloomingdale’s, Bloomingdale’s The Outlet, Bloomies, and bluemercury brands. In addition, the company operates as a beauty products and spa retailer. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macy’s, Inc. in June 2007. Macy’s, Inc. was founded in 1830 and is based in New York, New York.