Today Jefferies Reiterates a Hold Rating on Macy’s Inc (NYSE:M) and a $21.0 Target Price

September 17, 2017 - By reb123z

 Today Jefferies Reiterates a Hold Rating on Macy's Inc (NYSE:M) and a $21.0 Target Price

Macy’s Inc (NYSE:M) Rating Reaffirmed

Equities researchers at Jefferies now has a $21.0 target price per share on Macy’s Inc (NYSE:M). Jefferies and their recent target price per share would indicate a potential downside of -7.00 % from the company’s current stock price. The rating has been shown in an analyst note on Monday, 11 September.

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 stock has “Market Perform” rating by Telsey Advisory Group on Wednesday, February 24. The firm has “Underweight” rating given on Friday, July 24 by Atlantic Securities. The firm has “Hold” rating by Jefferies given on Tuesday, June 6. The rating was downgraded by Goldman Sachs on Friday, December 4 to “Neutral”. The rating was upgraded by Citigroup to “Buy” on Wednesday, September 14. The stock of Macy’s Inc (NYSE:M) has “Negative” rating given on Wednesday, November 4 by OTR Global. Barclays Capital maintained it with “Overweight” rating and $139.0 target in Tuesday, October 20 report. UBS maintained the shares of M in report on Friday, August 12 with “Neutral” rating. RBC Capital Markets maintained it with “Sector Perform” rating and $40 target in Friday, August 12 report. Telsey Advisory Group maintained the shares of M in report on Friday, May 12 with “Outperform” rating.

The stock increased 2.64% or $0.58 on September 15, reaching $22.58. About 16.29M 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 await Macy’s Inc (NYSE:M) to report earnings on November, 9. They expect $0.19 EPS, up 11.76 % or $0.02 from last year’s $0.17 per share. M’s profit will be $57.89M for 29.71 P/E if the $0.19 EPS becomes a reality. After $0.48 actual EPS reported by Macy’s Inc for the previous quarter, Wall Street now forecasts -60.42 % negative 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 Nasdaq.com with their article: “Ex-Dividend Reminder: World Wrestling Entertainment, Viacom and Macy’s” published on September 12, 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 Fool.com‘s news article titled: “Macy’s completes another deal” with publication date: September 09, 2017.

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