The TJX Companies Receives Consensus Rating of “Buy” from Brokerages (NYSE:TJX)
The TJX Companies (NYSE:TJX) has received a consensus rating of “Buy” from the twenty-three brokerages that are covering the company, American Banking and Market News reports. Seven research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $62.41.
Several analysts have recently commented on the stock. Analysts at Northcoast Research upgraded shares of The TJX Companies from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 23rd. They now have a $62.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Sterne Agee cut their price target on shares of The TJX Companies from $65.00 to $56.00 in a research note on Wednesday, July 16th. Finally, 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.
The TJX Companies (NYSE:TJX) opened at 53.96 on Friday. The TJX Companies has a one year low of $50.31 and a one year high of $64.38. The stock’s 50-day moving average is $53.37 and its 200-day moving average is $57.18. The company has a market cap of $37.789 billion and a price-to-earnings ratio of 18.21.
The TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, May 20th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Analysts expect that The TJX Companies will post $3.14 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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