TJX Cos. Stock Rating Lowered by Sterne Agee (TJX)
TJX Cos. (NYSE:TJX) was downgraded by stock analysts at Sterne Agee from a “buy” rating to a “neutral” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports. They currently have a $66.00 price objective on the stock, down from their previous price objective of $68.00. Sterne Agee’s price target points to a potential upside of 9.62% from the company’s current price. The analysts noted that the move was a valuation call.
Shares of TJX Cos. (NYSE:TJX) traded down 2.67% on Tuesday, hitting $60.21. The stock had a trading volume of 7,098,301 shares. TJX Cos. has a 52 week low of $43.43 and a 52 week high of $64.38. The stock has a 50-day moving average of $62.63 and a 200-day moving average of $57.64. The company has a market cap of $42.821 billion and a price-to-earnings ratio of 20.87.
TJX Cos. (NYSE:TJX) last posted its quarterly earnings results on Tuesday, November 19th. The company reported $0.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.74 by $0.01. The company had revenue of $6.98 billion for the quarter, compared to the consensus estimate of $6.91 billion. During the same quarter last year, the company posted $0.62 earnings per share. TJX Cos.’s revenue was up 8.9% compared to the same quarter last year. On average, analysts predict that TJX Cos. will post $2.86 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of TJX Cos. in a research note to investors on Monday, January 6th. They now have a $67.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of TJX Cos. in a research note to investors on Monday, December 9th. They now have a $69.00 price target on the stock, up previously from $66.00. Finally, analysts at Atlantic Securities initiated coverage on shares of TJX Cos. in a research note to investors on Monday, December 9th. They set an “overweight” rating on the stock. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $63.09.
The TJX Companies, Inc (NYSE:TJX) is the off-price apparel and home fashions retailer in the United States and worldwide.
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