A statement released earlier today by Vetr Inc. about Macy's Inc (NYSE:M) raises the target price to $42.00
- Updated: October 14, 2016
Yesterday Macy's Inc (NYSE:M) traded -3.34% lower at $35.57. The company’s 50-day moving average is $36.51 and its 200-day moving average is $36.27. The last stock close price is down -1.93% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 7,822,320 shares of M traded hands, up from an average trading volume of 7,018,380
In a report released on 10/17/2016 Vetr Inc. increased the stock price target of Macy's Inc (NYSE:M) to $42.00 indicating a possible upside of 0.18%.
Previously on Monday October 10, 2016, Vetr Inc. reported on Macy's Inc (NYSE:M) increased the target price from $0.00 to $42.00. At the time, this indicated a possible upside of 0.10%.
Recent Performance Chart
Macy's Inc has 52 week low of $29.94 and a 52 week high of $52.48 with a PE ratio of 14.26 and has a market capitalization of $0.
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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