A statement released earlier today by Credit Suisse about Macy's Inc. (NYSE:M) bumps the target price to $40.00
- Updated: October 2, 2016
Boasting a price of $36.60, Macy's Inc. (NYSE:M) traded 2.77% higher on the day. With the last stock price close down 0.95% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Macy's Inc. has recorded a 50-day average of $37.36 and a two hundred day average of $36.70. Volume of trade was down over the average, with 5,363,227 shares of M changing hands under the typical 7,155,080
Credit Suisse bumped up the target of Macy's Inc. (NYSE:M) to $40.00 stating a potential upside of 0.09%.
With a total market value of $0, Macy's Inc. has price-earnings ratio of 14.86 with a one year low of $29.94 and a one year high of $52.48 .
A total of 22 equity analysts have released a ratings update on M. Two equity analysts rating the company a strong buy, five equity analysts rating the company a buy, sixteen equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $42.41.
Brief Synopsis About Macy's Inc. (NYSE:M)
Macy's, Inc. is an omnichannel retail company operating stores, Websites and mobile applications under various brands, such as Macy's, Bloomingdale's and Bluemercury. The Company sells a range of merchandise, including apparel and accessories (men's, women's and children's), cosmetics, home furnishings and other consumer goods. Its subsidiaries provide various support functions to its retail operations. The Company's bank subsidiary, FDS Bank, provides credit processing, certain collections, customer service and credit marketing services in respect of various credit card accounts that are owned either by Department Stores National Bank (DSNB), a subsidiary of Citibank N.A. or FDS Bank and that constitutes a part of the credit programs of the Company's retail operations. Macy's Systems and Technology, Inc. (MST), a subsidiary of the Company, provides operational electronic data processing and management information services to all of the Company's operations.
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