What is the price forecast for Macy's stock?
M Stock 12 Months Forecast
Based on 8 Wall Street analysts offering 12 month price targets for Macy's in the last 3 months. The average price target is $18.38 with a high forecast of $23.00 and a low forecast of $14.00. The average price target represents a -5.74% change from the last price of $19.50.
M Stock 12 Months Forecast
Based on 8 Wall Street analysts offering 12 month price targets for Macy's in the last 3 months. The average price target is $18.38 with a high forecast of $23.00 and a low forecast of $14.00. The average price target represents a -5.74% change from the last price of $19.50.
Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, Arrowstreet Capital, Limited Partnership, Dimensional Fund Advisors Lp, IJH - iShares Core S&P Mid-Cap ETF, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Newport Trust Co, VEIPX - Vanguard Equity Income Fund Investor ...
The 12 analysts with 12-month price forecasts for SO stock have an average target of 73.58, with a low estimate of 67 and a high estimate of 82. The average target predicts an increase of 11.35% from the current stock price of 66.08.
A stock market prediction is an attempt to forecast the future value of an individual stock, a particular sector or the market, or the market as a whole. These forecasts generally use fundamental analysis of a company or economy, or technical analysis of charts, or a combination of the two.
Zacks' proprietary data indicates that Macy's, Inc. is currently rated as a Zacks Rank 4 and we are expecting a below average return from the M shares relative to the market in the next few months.
Is Macy's stock a Buy, Sell or Hold? Macy's stock has received a consensus rating of hold. The average rating score is and is based on 19 buy ratings, 20 hold ratings, and 8 sell ratings.
Macy's puts up strong third quarter numbers, raises profit outlook and top end of full-year revenue. Macy's third-quarter sales declined as customers grow more cautious with their spending, but sales and profit both topped Wall Street expectations.
Excluding items, Macy's earned $59 million, or 21 cents per share, against expectations of roughly break-even. Macy's raised the lower end of its full-year profit target and now expects adjusted earnings per share between $2.88 and $3.13, the mid-point of which was above analysts estimates.
Dec 10 (Reuters) - An investor group consisting of Arkhouse Management and Brigade Capital has made a $5.8 billion offer to take department store chain Macy's (M.N) , opens new tab private, according to a person familiar with the matter on Sunday.
Which stock will double in 6 months?
| S.No. | Name | NP Qtr Rs.Cr. |
|---|---|---|
| 1. | Sical Logistics | 11.33 |
| 2. | SG Mart | 17.19 |
| 3. | Jai Balaji Inds. | 234.60 |
| 4. | Insolation Ener | 15.04 |
Key Takeaways. While holding or moving to cash might feel good mentally and help avoid short-term stock market volatility, it is unlikely to be wise over the long term. Once you cash out a stock that's dropped in price, you move from a paper loss to an actual loss.
| Long-Term Stocks in India | Industry | Market Capitalization of Stocks as of June'23 |
|---|---|---|
| ITC | FMCG, Information Technology | ₹ 5,58,453 crore |
| Infosys | Information Technology | ₹ 5,36,554 crore |
| HDFC Bank | Banking | ₹ 9,35,248 crore |
| Hindustan Unilever | FMCG | ₹ 6,25,285 crore |
Based on 41 Wall Street analysts offering 12 month price targets for Amazon in the last 3 months. The average price target is $208.23 with a high forecast of $230.00 and a low forecast of $175.00. The average price target represents a 19.00% change from the last price of $174.99.
According to our current BGFV stock forecast, the value of Big 5 Sporting Goods shares will rise by 1.19% and reach $ 5.40 per share by March 3, 2024. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 39 (Fear).
Wall Street analysts expect Amazon to reach a new high. Of the 59 Amazon stock analysts following the company, 97% hold a buy rating, according to FactSet. Further, FactSet data shows those analysts have, on average, set a 12-month price target of 208 for Amazon stock, according to FactSet.
The company's average rating score is 1.89, and is based on 2 buy ratings, 4 hold ratings, and 3 sell ratings.
At this time, Macys' Debt Current is very stable as compared to the past year. As of the 26th of February 2024, Issuance Repayment of Debt Securities is likely to grow to about 331.2 M, while Total Debt is likely to drop about 6.7 B. Check out the analysis of Macys Fundamentals Over Time.
Berkshire Hathaway is the world's most expensive stock.
On Friday, Citi upgraded shares of the 165-year-old department store from Sell to Neutral. Its team initially downgraded Macy's stock after a proposal to take the company private for $21 per share, a 32% premium to its share price, became public in early December.
Is Macy's undervalued?
The intrinsic value of one M stock under the Base Case scenario is 32.01 USD. Compared to the current market price of 19.58 USD, Macy's Inc is Undervalued by 39%.
Macy's report beat expectation, but is still showing the effects of consumer slowdown in spending. The company reported third quarter 2023 diluted earnings per share of $0.15 compared to $0.35 in the third quarter of 2022. Net sales declined 7% as did digital sales.
The company is closing 150 underperforming stores — 50 by the end of 2024 and the other 100 over the next few years. By 2026, it will have just 350 Macy's stores, the company announced.
Total debt on the balance sheet as of October 2023 : $6.19 B
According to Macy's 's latest financial reports the company's total debt is $6.19 B. A company's total debt is the sum of all current and non-current debts.
Macy's (originally R. H. Macy & Co.) is an American department store chain founded in 1858 by Rowland Hussey Macy. It has been a sister brand to the Bloomingdale's department store chain since being acquired by holding company Federated Department Stores in 1994, which renamed itself Macy's, Inc. in 2007.
