Target Corp. Sees Unusually High Options Volume (TGT)
Target Corp. (NYSE:TGT) was the target of unusually large options trading on Monday. Traders bought 10,740 put options on the company, AmericanBankingNews.com reports. This represents an increase of 139% compared to the typical volume of 4,496 put options.
Several analysts have recently commented on the stock. Analysts at ISI Group reiterated a “buy” rating on shares of Target Corp. in a research note to investors on Thursday. They now have a $70.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Target Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, October 18th. They now have a $58.00 price target on the stock. Finally, analysts at Barclays cut their price target on shares of Target Corp. from $75.00 to $70.00 in a research note to investors on Tuesday, October 1st. They now have an “overweight” rating on the stock. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Target Corp. presently has a consensus rating of “Hold” and an average price target of $71.10.
Target Corp. (NYSE:TGT) traded up 1.26% on Monday, hitting $64.88. The stock had a trading volume of 5,674,507 shares. 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 $67.38 and a 200-day moving average of $68.8. The company has a market cap of $40.947 billion and a P/E ratio of 15.44.
Target Corp. (NYSE:TGT) last released its earnings data on Wednesday, August 21st. The company reported $1.19 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts predict that Target Corp. will post $3.88 earnings per share for the current fiscal year.
Target Corporation (NYSE:TGT) operates in three segments: U.
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