Target Given Neutral Rating at MKM Partners (TGT)
Shares of Target (NYSE:TGT) traded up 0.33% during mid-day trading on Thursday, hitting $60.53. The stock had a trading volume of 2,238,880 shares. Target has a one year low of $54.66 and a one year high of $67.25. The stock has a 50-day moving average of $59.56 and a 200-day moving average of $58.97. The company has a market cap of $38.358 billion and a P/E ratio of 20.38. Target also saw unusually large options trading activity 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 posted its quarterly earnings results 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 $3.41 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Telsey Advisory Group cut their price target on shares of Target from $69.00 to $66.00 in a research note on Thursday. They now have a “not rated” rating on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Target from $58.00 to $61.00 in a research note on Thursday. Finally, analysts at Jefferies Group raised their price target on shares of Target from $52.00 to $55.00 in a research note on Thursday. They now have a “hold” rating on the stock. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $57.88.
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.