Target Corp. Price Target Cut to $66.00 by Analysts at UBS AG (TGT)
Equities research analysts at UBS AG lowered their target price on shares of Target Corp. (NYSE:TGT) from $73.00 to $66.00 in a research note issued to investors on Thursday, Stock Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price target suggests a potential upside of 2.92% from the company’s current price.
A number of other analysts have also recently weighed in on TGT. Analysts at Telsey Advisory Group cut their price target on shares of Target Corp. from $72.00 to $67.00 in a research note to investors on Thursday. They now have a “not rated” rating on the stock. Separately, analysts at Credit Suisse downgraded shares of Target Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday. Finally, analysts at Citigroup Inc. cut their price target on shares of Target Corp. from $79.00 to $75.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock.
Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $71.80.
Shares of Target Corp. (NYSE:TGT) traded down 0.34% on Thursday, hitting $64.13. 4,518,140 shares of the company’s stock traded hands. Target Corp. has a one year low of $58.01 and a one year high of $73.50. The stock has a 50-day moving average of $70.82 and a 200-day moving average of $68.72. The company has a market cap of $40.710 billion and a price-to-earnings ratio of 15.51.
Target Corp. (NYSE:TGT) last released its earnings data on Wednesday, August 21st. The company reported $1.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.96 by $0.23. The company had revenue of $17.12 billion for the quarter, compared to the consensus estimate of $17.26 billion. During the same quarter last year, the company posted $1.06 earnings per share. Target Corp.’s revenue was up 2.0% compared to the same quarter last year. Analysts expect that Target Corp. will post $4.05 EPS for the current fiscal year.
Target Corporation (NYSE:TGT) operates in three segments: U.
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