Target Corp. Now Covered by Analysts at Pacific Crest (TGT)
Equities researchers at Pacific Crest initiated coverage on shares of Target Corp. (NYSE:TGT) in a research report issued on Friday, AR Network reports. The firm set an “outperform” rating and a $80.00 price target on the stock. Pacific Crest’s price target indicates a potential upside of 26.24% from the company’s current price.
A number of other firms have also recently commented on TGT. Analysts at Zacks upgraded shares of Target Corp. (NYSE:TGT) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, September 11th. They now have a $68.00 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Target Corp. (NYSE:TGT) in a research note to investors on Monday, September 9th. They set a “neutral” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Target Corp. (NYSE:TGT) in a research note to investors on Thursday, September 5th. They now have a $72.00 price target on the stock, down previously from $75.00. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Target Corp. presently has a consensus rating of “Hold” and a consensus price target of $72.29.
In other Target Corp. news, Insider Kathryn Tesija sold 206,793 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $63.75, for a total value of $13,183,053.75. Following the transaction, the insider now directly owns 242,271 shares of the company’s stock, valued at approximately $15,444,776. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Target Corp. (NYSE:TGT) opened at 63.37 on Friday. Target Corp. has a 1-year low of $58.01 and a 1-year high of $73.50. The stock has a 50-day moving average of $65.51 and a 200-day moving average of $68.78. The company has a market cap of $39.994 billion and a price-to-earnings ratio of 15.27. Target Corp. also was the target of unusually large options trading on Wednesday. Stock investors acquired 14,094 put options on the company. This represents an increase of 610% compared to the average daily volume of 1,984 put options.
Target Corp. (NYSE:TGT) last announced its earnings results 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.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 10th. Investors of record on Wednesday, November 20th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Monday, November 18th.
Target Corporation (NYSE:TGT) operates in three segments: U.
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