Macy’s Inc (NYSE: M) received a Hold rating from Standpoint Research analyst Ronnie Moas on August 10. The company’s shares closed on Friday at $39.97, close to its 52-week high of $41.33.
According to TipRanks.com, Moas is a 5-star analyst with an average return of 6.0% and a 69.7% success rate. Moas covers the Consumer Goods sector, focusing on stocks such as Western Digital, LyondellBasell, and Whirlpool Corp.
The word on The Street in general, suggests a Hold analyst consensus rating for Macy’s Inc with a $35.80 average price target, which is a -10.4% downside from current levels. In a report issued on July 26, RBC Capital also reiterated a Hold rating on the stock with a $39 price target.
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Macy’s Inc’s market cap is currently $12.25B and has a P/E ratio of 7.60. The company has a Price to Book ratio of 2.10.
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Macy’s, Inc. engages in the operation of stores, websites, and mobile applications. It operates its business under the brand names Macy’s, Bloomingdale’s, and Bluemercury, which sells merchandise, including apparel and accessories, cosmetics, home furnishings, and other consumer goods.
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