Macy’s Inc [NYSE: M] loss -2.21% on the last trading session, reaching $15.94 price per share at the time.
If compared to the average trading volume of 5.03M shares, M reached a trading volume of 16845337 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Macy’s Inc [M]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for M shares is $16.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on M stock is a recommendation set at 2.67. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Telsey Advisory Group have made an estimate for Macy’s Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on August 22, 2024. While these analysts kept the previous recommendation, TD Cowen dropped their target price from $23 to $20. The new note on the price target was released on February 29, 2024, representing the official price target for Macy’s Inc stock. Previously, the target price had yet another raise from $15 to $21, while Telsey Advisory Group kept a Market Perform rating on M stock. On February 02, 2024, analysts increased their price target for M shares from 14 to 18.
The Average True Range (ATR) for Macy’s Inc is set at 0.56, with the Price to Sales ratio for M stock in the period of the last 12 months amounting to 0.20. The Price to Book ratio for the last quarter was 1.03, with the Price to Cash per share for the same quarter was set at 2.15. Price to Free Cash Flow for M in the course of the last twelve months was 7.26 with Quick ratio for the last quarter at 0.34.
Trading performance analysis for M stock
Macy’s Inc [M] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.46. With this latest performance, M shares gained by 3.57% in over the last four-week period, additionally sinking by -21.79% over the last 6 months – not to mention a rise of 7.20% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for M stock in for the last two-week period is set at 54.98, with the RSI for the last a single of trading hit 57.15, and the three-weeks RSI is set at 53.44 for Macy’s Inc [M]. The present Moving Average for the last 50 days of trading for this stock 15.47, while it was recorded at 15.40 for the last single week of trading, and 17.61 for the last 200 days.
Macy’s Inc [M]: A deeper dive into fundamental analysis
Macy’s Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.34 and a Current Ratio set at 1.48.
An analysis of Institutional ownership at Macy’s Inc [M]
There are presently around $78.32%, or 78.88%% of M stock, in the hands of institutional investors. The top three institutional holders of M stocks are: VANGUARD GROUP INC with ownership of 33.95 million shares, which is approximately 12.298%. BLACKROCK INC., holding 25.88 million shares of the stock with an approximate value of $$496.9 million in M stocks shares; and BLACKROCK INC., currently with $$297.38 million in M stock with ownership which is approximately 5.61%.
