Target Stock Rating Upgraded by TheStreet (TGT)
Shares of Target (NYSE:TGT) traded up 0.85% during mid-day trading on Monday, hitting $60.36. 2,022,526 shares of the company’s stock traded hands. Target has a one year low of $54.66 and a one year high of $72.07. The stock has a 50-day moving average of $59.37 and a 200-day moving average of $58.98. The company has a market cap of $38.250 billion and a P/E ratio of 20.22.
Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.71 by $0.01. The company had revenue of $17.05 billion for the quarter, compared to the consensus estimate of $17.02 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts predict that Target will post $3.69 earnings per share for the current fiscal year.
TGT has been the subject of a number of other recent research reports. Analysts at Prime Executions reiterated a “neutral” rating on shares of Target in a research note on Thursday. Separately, analysts at Telsey Advisory Group raised their price target on shares of Target from $62.00 to $69.00 in a research note on Thursday. They now have a “not rated” rating on the stock. Finally, analysts at Cowen and Company upgraded shares of Target from an “underperform” rating to a “market perform” rating in a research note on Thursday. They now have a $63.00 price target on the stock, up previously from $47.00. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. Target has a consensus rating of “Hold” and an average price target of $60.65.
Target Corporation sells a range of assortment of general merchandise and food in its stores. The Company’s general merchandise and CityTarget stores offer a food assortment on a smaller scale and its SuperTarget stores offer a line of food items comparable to traditional supermarkets.
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