Analyst Ratings for Macy's Inc. (M)Updated: 2017-07-29
Macy's Inc. (NYSE:M) was awarded an average rating of Hold from investment analysts following the stock. About 30 days ago, M was issued an average rating of Hold.
Of the 24 analysts covering the stock, 4 gave it a buy rating, 2 issued an overweight rating, 18 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Today, there are 3 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
M was given price targets by several analysts. The most optimistic analyst gave a price target of 36, implying a possible profit of 50.44 percent. The most pessimistic price target was 20, implying a possible loss of -16.42 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates downwards for this quarter, by about -1.11 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -11.77 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.62 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -3.57 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 1 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 1 analysts decreased their estimates.
The growth rate of M's earnings is estimated by analysts to be 69.74 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. M has a PEG ratio of 0.18.
M has a 52-week high of 45.41 and a 52-week low of 20.85. Today's price is 14.77 percent above the 52-week low, and 47.3 percent lower than its 52-week high. M has a price/earnings ratio of 12.9. Investors typically compare the P/E ratio to a company's peers in the industry. The M value stock report compares M to some of its peers using value stock charts. The stock has a market capitalization of $7.37 billion. M is estimated to release their earnings results for the quarter on 0000-00-00, days from today.