Target Given “Neutral” Rating at JPMorgan Chase & Co. (TGT)
Target (NYSE:TGT)‘s stock had its “neutral” rating reiterated by stock analysts at JPMorgan Chase & Co. in a report issued on Wednesday. They currently have a $60.00 price target on the stock, down from their previous price target of $62.00. JPMorgan Chase & Co.’s target price would indicate a potential upside of 3.50% from the company’s current price.
Target (NYSE:TGT) traded down 0.10% on Wednesday, hitting $57.97. 7,262,558 shares of the company’s stock traded hands. Target has a one year low of $54.66 and a one year high of $71.86. The stock has a 50-day moving average of $59.4 and a 200-day moving average of $58.93. The company has a market cap of $36.736 billion and a price-to-earnings ratio of 19.60.
Target (NYSE:TGT) last posted its quarterly earnings results 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 $3.62 earnings per share for the current fiscal year.
TGT has been the subject of a number of other recent research reports. Analysts at Morgan Stanley cut their price target on shares of Target from $60.00 to $58.00 in a research note on Wednesday. Separately, analysts at Deutsche Bank cut their price target on shares of Target from $58.00 to $57.00 in a research note on Wednesday. They now have a “hold” rating on the stock. Finally, analysts at Goldman Sachs downgraded shares of Target from a “buy” rating to a “neutral” rating in a research note on Wednesday. They now have a $59.00 price target on the stock, down previously from $65.00. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $59.90.
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.
Receive News & Ratings for Target Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target Co and related companies with Analyst Ratings Network's FREE daily email newsletter.