Home / Street Sector / Short Call on Analysts Review: Macy’s, Inc. (NYSE:M), AECOM (NYSE:ACM)

Short Call on Analysts Review: Macy’s, Inc. (NYSE:M), AECOM (NYSE:ACM)

Macy’s, Inc. (NYSE:M) [Trend Analysis] climbed reacts as active mover, shares a gain 2.94% to traded at $44.46 and the percentage gap between open changing to regular change was 1.27%.  Macy’s is about to kick off its next wave of store closures. The retailer revealed plans in August to shut down 100 stores in early 2017 as it battles slowing sales and growing online competition.

Macy’s Chief Financial Officer Karen Hoguet provided an update on the closures at a conference last week, and stated some stores will start shutting down before the end of the year, according to the Cincinnati Business Journal. Hoguet didn’t reveal how many closures are imminent, but stated “All 100 will not close at year end,” according to the Business Journal. “Many of those have leases, so it makes no sense to pay rent and not operate,” she stated. In other words, stores owned by Macy’s will be the first to close.

Finally to see some strong financial remarks by WSJ over M performance. Out of the pool of analysts 4 gave their BUY ratings on the stock in previous month as 5 analysts having BUY in current month. Majority ranked Hold from the pool of analysts.

The next year first quarter EPS estimates trend for current period shows $2.18 while one month ago this estimate trend was for $2.01. EPS indicator shows the robustness of the stock and its analysis opens up the clear picture of company’s profitability. On annual basis of EPS, FY 2017 Estimate Trends at current were for $3.57 and for the one month was for $3.48 as compared to three months ago was for $3.48. Whereas, M received highest price target of 48.00 and low target of 38.00. The stock price target chart showed average price target of 42.60 as compared to current price of 44.46.

The firm’s current ratio calculated as 1.20 for the most recent quarter. The firm past twelve months price to sales ratio was 0.53 and price to cash ratio remained 30.02. As far as the returns are concern, the return on equity was recorded as 17.00% and return on investment was 12.00% while its return on asset stayed at 3.40%. The firm has total debt to equity ratio measured as 1.98.

AECOM (NYSE:ACM) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 0.30% to close at $37.13 with the total traded volume of 2.77 Million shares. Finally, analysts shed their light over the ACM price targets; maintaining price high target of 46.00 while at average the price target was 40.92 in contrast with the current price of 37.13. The price targets are usually acts as the boosters or blasters in the performance of stock. A higher price target would definitely provide confidence to investors during the trading action, consideration given by Wall Street Journal.

So does the rankings given by analysts; let us highlight rankings table and we had 8 analysts recommending BUY ratings for current month and for previous month 7 stands on similar situation; while 5 for the current month as compared to 6 analysts recommending for HOLD from the pool for previous month. For the overall, consensus ratings were for Overweight.

The firm has institutional ownership of 88.70%, while insider ownership included 0.30%. Its price to sales ratio ended at 0.33. ACM attains analyst recommendation of 2.20 with week performance of -1.43%.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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