A statement released earlier today by Vetr Inc. about Macy's Inc (NYSE:M) bumps the target price to $42.00
- Updated: October 7, 2016
Vetr Inc. bumped up the target of Macy's Inc (NYSE:M) to $42.00 stating a potential upside of 0.10%.
On 10/03/2016, Vetr Inc. released a statement on Macy's Inc (NYSE:M) bumped up the target price from $0.00 to $42.00 that suggested an upside of 0.13%.
Boasting a price of $38.04, Macy's Inc (NYSE:M) traded 0.96% higher on the day. With the last close up 4.33% 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 $36.91 and a two hundred day average of $36.46. Volume of trade was down over the average, with 6,688,988 shares of M changing hands under the typical 7,173,940
With a total market value of $0, Macy's Inc has 52 week low of $29.94 and a 52 week high of $52.48 with a PE ratio of 15.25 .
In addition to Vetr Inc. reporting its stock price target, a total of 22 brokerages have issued a ratings update on the company. The average stock price target is $42.41 with 2 brokerages rating the stock a strong buy, 5 brokerages rating the stock a buy, 16 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On 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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