Target Corp. Downgraded to “Sell” at Erste Group (TGT)
Target Corp. (NYSE:TGT) was downgraded by equities researchers at Erste Group to a “sell” rating in a research report issued on Friday, AnalystRatingsNetwork.com reports.
Target Corp. (NYSE:TGT) traded up 0.84% during mid-day trading on Friday, hitting $56.33. 6,726,149 shares of the company’s stock traded hands. Target Corp. has a one year low of $54.66 and a one year high of $73.50. The stock has a 50-day moving average of $60.05 and a 200-day moving average of $64.17. The company has a market cap of $35.605 billion and a price-to-earnings ratio of 14.95.
Target Corp. (NYSE:TGT) last posted its quarterly earnings results on Thursday, November 21st. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.21. The company had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts expect that Target Corp. will post $3.20 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 10th. Stockholders of record on Wednesday, February 19th will be paid a dividend of 0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Friday, February 14th.
TGT has been the subject of a number of other recent research reports. Analysts at Sterne Agee downgraded shares of Target Corp. to a “neutral” rating in a research note to investors on Thursday, January 30th. Separately, analysts at Jefferies Group cut their price target on shares of Target Corp. from $59.00 to $56.00 in a research note to investors on Thursday, January 30th. Finally, analysts at Zacks downgraded shares of Target Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, January 29th. They now have a $52.00 price target on the stock. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $68.58.
Target Corporation (NYSE:TGT) operates in three segments: U.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.