The TJX Companies Given Consensus Recommendation of “Buy” by Analysts (NYSE:TJX)
The TJX Companies (NYSE:TJX) has earned a consensus rating of “Buy” from the twenty-four ratings firms that are presently covering the stock, AnalystRatingsNetwork reports. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $62.68.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of The TJX Companies in a research note on Friday, May 23rd. They now have a $63.00 price target on the stock, down previously from $65.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of The TJX Companies in a research note on Friday, May 23rd. They now have a $58.00 price target on the stock. Finally, analysts at Buckingham Research cut their price target on shares of The TJX Companies from $64.00 to $60.00 in a research note on Thursday, May 22nd.
Shares of The TJX Companies (NYSE:TJX) traded down 0.70% during mid-day trading on Wednesday, hitting $54.275. The stock had a trading volume of 1,243,008 shares. The TJX Companies has a one year low of $48.71 and a one year high of $64.38. The stock’s 50-day moving average is $58.11 and its 200-day moving average is $60.49. The company has a market cap of $38.693 billion and a P/E ratio of 18.45.
The TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, May 20th. The company reported $0.64 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.62 earnings per share. The TJX Companies’s revenue was up 4.9% compared to the same quarter last year. Analysts expect that The TJX Companies will post $3.15 EPS 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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