Target Given Average Rating of “Hold” by Brokerages (NYSE:TGT)
Shares of Target (NYSE:TGT) have been given a consensus recommendation of “Hold” by the twenty-seven analysts that are covering the company, Stock Ratings News reports. Four research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $60.15.
Target (NYSE:TGT) opened at 58.54 on Monday. Target has a 1-year low of $54.66 and a 1-year high of $71.26. The stock has a 50-day moving average of $59.41 and a 200-day moving average of $58.91. The company has a market cap of $37.097 billion and a price-to-earnings ratio of 19.78.
Target (NYSE:TGT) last released its earnings data on Wednesday, May 21st. The company reported $0.70 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts expect that Target will post $3.53 EPS for the current fiscal year.
TGT has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Target in a research note on Wednesday, August 6th. They now have a $60.00 price target on the stock, down previously from $62.00. Separately, analysts at Morgan Stanley cut their price target on shares of Target from $60.00 to $58.00 in a research note on Wednesday, August 6th. Finally, analysts at Deutsche Bank cut their price target on shares of Target from $58.00 to $57.00 in a research note on Wednesday, August 6th. They now have a “hold” rating on the stock.
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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