Breaking: Macy’s Inc (NYSE:M) Hold Rating Maintained by Jefferies Today; The TP is Set to $21.0

September 17, 2017 - By Richard Conner

 Breaking: Macy's Inc (NYSE:M) Hold Rating Maintained by Jefferies Today; The TP is Set to $21.0

Macy’s Inc (NYSE:M) Rating Reaffirmed

Recently, In a note issued on Monday, 11 September, Macy’s Inc (NYSE:M) shares have had their Hold Rating reaffirmed by research analysts at Jefferies, who currently has a $21.0 target price on firm. This target by Jefferies indicates the possibile downside of -7.00 % from the stock close price.

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 “Hold” rating by Jefferies on Monday, September 11. Atlantic Securities downgraded the stock to “Underweight” rating in Friday, July 24 report. The rating was maintained by S&P Research on Friday, September 11 with “Hold”. Jefferies maintained the shares of M in report on Monday, March 14 with “Hold” rating. The rating was maintained by Macquarie Research on Saturday, August 15 with “Buy”. Guggenheim maintained the shares of M in report on Friday, June 16 with “Buy” rating. The rating was maintained by Telsey Advisory Group on Thursday, November 12 with “Market Perform”. As per Thursday, January 5, the company rating was maintained by Telsey Advisory Group. As per Wednesday, September 9, the company rating was upgraded by Gilford Securities. On Thursday, November 12 the stock rating was maintained by Credit Suisse with “Outperform”.

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 expect Macy’s Inc (NYSE:M) to report $0.19 EPS on November, 9.They anticipate $0.02 EPS change or 11.76 % from last quarter’s $0.17 EPS. M’s profit would be $57.89 million giving it 29.71 P/E if the $0.19 EPS is correct. After having $0.48 EPS previously, Macy’s Inc’s analysts see -60.42 % 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: which released: “Macy’s, Inc. Completes Another Big Real Estate Deal — but It’s Not the Next Sears” on September 09, 2017, also with their article: “Macy’s completes another deal” published on September 09, 2017, published: “Macy’s: 2 Ways To Play” on September 13, 2017. More interesting news about Macy’s Inc (NYSE:M) were released by: and their article: “Ex-Dividend Reminder: World Wrestling Entertainment, Viacom and Macy’s” published on September 12, 2017 as well as‘s news article titled: “Should Value Investors Consider Macy’s Inc. (M) Stock Now?” with publication date: September 14, 2017.

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