Michaels Companies Given Average Rating of “Buy” by Analysts (NYSE:MIK)
Michaels Companies (NYSE:MIK) has received an average rating of “Buy” from the fifteen ratings firms that are presently covering the stock, American Banking and Market News reports. Five analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $19.00.
Shares of Michaels Companies (NYSE:MIK) opened at 14.91 on Wednesday. Michaels Companies has a 52 week low of $14.51 and a 52 week high of $17.28. The stock has a 50-day moving average of $16.28 and a 200-day moving average of $16.28. The company has a market cap of $3.028 billion and a P/E ratio of 12.64.
Several analysts have recently commented on the stock. Analysts at Macquarie initiated coverage on shares of Michaels Companies in a research note on Thursday. They set a “neutral” rating and a $16.00 price target on the stock. Separately, analysts at Telsey Advisory Group initiated coverage on shares of Michaels Companies in a research note on Wednesday. They set a “not rated” rating and a $18.00 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Michaels Companies in a research note on Wednesday. They set an “equal weight” rating and a $16.00 price target on the stock.
The Michaels Companies, Inc is an arts and crafts specialty retailer in North America. The Company also operates a vertically integrated custom framing business.
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