Jefferies Group Boosts Target Price Target to $55.00 (TGT)
Analysts at Jefferies Group lifted their price target on shares of Target (NYSE:TGT) from $52.00 to $55.00 in a research report issued to clients and investors on Thursday. Jefferies Group’s target price indicates a potential downside of 8.83% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wed cut their price target on shares of Target from $3.10 to $0.79 in a research note on Wednesday. Separately, 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. Finally, 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. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. Target presently has a consensus rating of “Hold” and a consensus target price of $57.93.
Target (NYSE:TGT) opened at 60.33 on Thursday. Target has a one year low of $54.66 and a one year high of $67.25. The stock’s 50-day moving average is $59.56 and its 200-day moving average is $58.97. The company has a market cap of $38.231 billion and a price-to-earnings ratio of 20.02. Target also was the target of some unusual options trading on Tuesday. Investors purchased 11,627 call options on the company. This represents an increase of 159% compared to the average volume of 4,490 call options.
Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 20th. The company reported $0.78 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.80 by $0.02. The company had revenue of $17.00 billion for the quarter, compared to the consensus estimate of $17.38 billion. During the same quarter last year, the company posted $0.95 earnings per share. Target’s revenue was up 1.7% compared to the same quarter last year. Analysts expect that Target will post $3.49 EPS 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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