What’s Acceptable Profitability For Macy’s Inc. (M) and Energy Transfer LP (ET)?

You should consider shares of Macy’s Inc. (NYSE:M) and Energy Transfer LP (NYSE:ET) if you are looking for a great stocks to invest in. Starting with the M shares, which traded at $14.87 at the close of the recent session, dropping -3.44%. On Tuesday, the company’s shares shed -$0.53 from its value which represented in intraday trading. The stock is now -56.55% lower in year-to-date (YTD) trading. M’s intraday high was $15.16 while its lowest price touched $14.84. The stock’s 52-week high price is $35.06, which means the current price is at -57.59%. In terms of trading activity, the daily trading volume rose to 20759923 against 200-day average trading volume of 11,792,741 shares.

What are analyst forecasts for Macy’s Inc. (NYSE:M)?

At a consensus rating of 2.22, M is trending as a streaking Moderate Sell, as it has been the case a month ago when 9 analysts called it a Moderate Sell. Two months ago, 9 analysts recommended, on average, that M stock is a Moderate Sell. The Services company’s shares’ overall bearish trend saw it close higher on Tuesday compared to its opening price of $15.16 on the day.

Forecasts for Macy’s Inc. (NYSE:M) give the stock a fair value for the growth of 4.06% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $15.50, which means the price per share could rise by nearly $0.63. The price range target is between a low of $12.00 and a high of $22.00. The stock would need to gain by about $32.41 to hit the estimated high or 0.95% from its 12-month low.

The consensus among 17 analysts is that it is a good time for one to Hold in the Macy’s Inc. 2 analysts rate M as a Buy, with 4 of 17 analysts rate it as a Sell. 0 have valued the stock as Overweight and 9 have recommended that investors Hold.

Macy’s Inc. (NYSE:M) Upgrades and Downgrades

In terms of rating changes, Telsey Advisory Group on November 22, 2019, Reiterated Macy’s Inc. (M) at Market Perform. They believe the stock could reach $16 in the near term. Analysts at Credit Suisse have assigned a Underperform rating for the stock in their research note on October 18, 2019 with an estimated price target of $12. Moreover, Guggenheim analysts issued a rating of Neutral for the stock on August 23, 2019. On August 15, 2019, the stock earned a Market Perform rating due to an analyst call from Telsey Advisory Group, while analysts from JP Morgan on August 14, 2019 suggested that the stock is Underweight.

Energy Transfer LP (NYSE:ET) adds -$0.23 on Tuesday

The ET stock has tanked -13.70% year-to-date and is currently trading at $11.40, which is -28.66% below its 52-week high. The company shares lost -1.98% on the day and have risen nearly 5.21% off a low hit. At current levels, Energy Transfer LP has a valuation of about $54.07B. As of 12/03/19, this stock has fallen -7.32% during the week and closed at $11.63 in the previous session. However, recent Energy Transfer LP stock performance shows that ET shares are -11.70% down over the last month, and -16.24% down for the last three months.

Earnings per share (EPS) estimates for the current quarter are $0.34, with the trailing 12-month share earnings at $1.23. The ratio is expected to be up by 17.40% for the current year 2019 and 7.00% for next year. Over the next 5-year period, earnings per share will be 16.50%. But will the ET stock surprise in the current quarter results, where the $0.32 actual EPS reported on 9/29/2019 surprised by -13.50% or was lower by -$0.05 from the estimated $0.37.

Sales Growth to climb 5.90% for the year

How well will Energy Transfer LP perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $10.11B and $15.01B in current quarter sales. The consensus estimated for the current quarter is $13.41B from sales. Forecasts for this fiscal year are between $53.48B and $63.94B and the consensus estimate for sales is at $55.7B. ET has its next quarter sales estimates at between $10.09B and $15.34B, with the quarter-over-quarter growth estimates at -5.50% and the annual growth forecast for the year at 5.90%.

Who owns shares in Energy Transfer LP (ET)?

Let’s briefly focus on the share ownership of the Energy Transfer LP (NYSE:ET) stock, where we find that 56.87% of shares are held by institutions. Goldman Sachs Group, Inc. tops the list of institutional owners as it is holding 118.86 million shares or 4.52% of shares outstanding. Harvest Fund Advisors, LLC and Tortoise Capital Advisors, LLC held 108.6 million and 107.13 million representing 4.13% and 4.08% respectively at the close of the last trading session. As of Sep 29, 2019, UBS Group AG accounted for 71.84 million shares at over 939.72 million. This represented 2.73% of shares outstanding. Invesco Ltd. held 61.37 million shares at over 802.67 million representing 2.34% of shares outstanding.

ET Insider Activity

Insider activity can also give a signal in terms of price direction. Looking at Energy Transfer LP (ET), a total of 75000 shares have been sold by insiders over the last 6 months while 4016112 shares were added in the same time span. On 11/19/2019, Chief Executive Officer by the name Warren Kelcy L bought 1.74 million shares worth $19.8 million at the price of $11.37 per share. Filings also show that Warren Kelcy L bought a total of 1.69 million shares on 11/19/2019 valued at $19.2 million. Since the last insider activity, the company’s share price has climbed 2.20%.