The TJX Companies Rating Reiterated by Deutsche Bank (TJX)
The TJX Companies (NYSE:TJX)‘s stock had its “buy” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Wednesday. They currently have a $62.00 price objective on the stock, down from their previous price objective of $69.00. Deutsche Bank’s price target suggests a potential upside of 14.92% from the company’s current price.
A number of other firms have also recently commented on TJX. Analysts at MKM Partners cut their price target on shares of The TJX Companies from $68.00 to $63.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital cut their price target on shares of The TJX Companies from $67.00 to $66.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at SunTrust upgraded shares of The TJX Companies from a “neutral” rating to a “buy” rating in a research note on Wednesday. They now have a $65.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The TJX Companies currently has an average rating of “Buy” and a consensus target price of $62.50.
The TJX Companies (NYSE:TJX) traded up 2.63% on Wednesday, hitting $55.37. 2,868,530 shares of the company’s stock traded hands. The TJX Companies has a one year low of $48.71 and a one year high of $64.38. The stock has a 50-day moving average of $58.85 and a 200-day moving average of $60.67. The company has a market cap of $38.963 billion and a P/E ratio of 18.35. The TJX Companies also saw unusually large options trading activity on Monday. Stock traders purchased 3,954 put options on the company. This is an increase of 470% compared to the average daily volume of 694 put options.
The TJX Companies (NYSE:TJX) last announced its earnings results on Tuesday, May 20th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by $0.03. The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.60 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts predict that The TJX Companies will post $3.22 earnings per share for the current fiscal year.
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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