Benchmark Co. analyst Subash Chandra has maintained their neutral stance on M stock, giving a Hold rating on October 28.
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Subash Chandra has given his Hold rating due to a combination of factors that influence Macy’s current financial standing and future prospects. The company’s market capitalization stands at $710 million, with an enterprise value of $3,487 million, indicating a significant level of debt compared to its market value. This financial leverage could pose risks if not managed carefully, especially in a volatile market environment.
Furthermore, while the revenue and EBITDA figures show potential, the change in earnings forecast suggests uncertainty in achieving consistent growth. The sector weight being at market weight implies that Macy’s performance is expected to align with the overall market, rather than outperform it. These elements combined lead to a cautious stance, justifying the Hold rating as investors may want to wait for clearer signs of financial improvement before making more aggressive investment decisions.
In another report released on October 28, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $20.00 price target.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of M in relation to earlier this year.