Macy’s Inc – Consensus ‘Hold’ rating and 42.1% Upside Potential

Broker Ratings
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Macy’s Inc with ticker code (M) have now 11 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price High/Low ranges between 29 and 14 suggesting an average Analsyt target price of $23.21. Given that the stocks previous close was at $16.33 this would indicate that there is a potential upside of 42.1%. The 50 day moving average now sits at $19.09 and the 200 day MA is $19.65. The company has a market capitalization of $4,425m. Find out more information at: https://www.macysinc.com

The potential market cap would be $6,290m based on the market consensus.

Macy’s, Inc., an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells a range of merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy’s, Bloomingdale’s, and bluemercury brands. 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, Inc. and changed its name to Macy’s, Inc. in June 2007. The company was founded in 1830 and is based in New York, New York.

The company has a dividend yield of 4.05% with the ex dividend date set at 14-3-2023 (DMY).

Other points of data to note are a P/E ratio of 4.07, revenue per share of 92.12 and a 6.1% return on assets.

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