Target Given Consensus Recommendation of “Hold” by Analysts (NYSE:TGT)
Shares of Target (NYSE:TGT) have earned an average recommendation of “Hold” from the twenty-seven ratings firms that are currently covering the stock, American Banking News reports. Four equities research 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 average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $60.15.
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 (NYSE:TGT) opened at 58.74 on Monday. Target has a one year low of $54.66 and a one year high of $69.05. The stock has a 50-day moving average of $59.44 and a 200-day moving average of $58.90. The company has a market cap of $37.224 billion and a price-to-earnings ratio of 19.68. Target also was the target of unusually large options trading activity on Thursday. Investors acquired 11,326 put options on the stock. This represents an increase of approximately 162% compared to the typical volume of 4,322 put options.
Target (NYSE:TGT) last announced its earnings results 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. On average, analysts predict that Target will post $3.51 earnings per share for the current fiscal year.
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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