Target Price Target Cut to $66.00 (TGT)
Equities research analysts at Telsey Advisory Group dropped their price objective on shares of Target (NYSE:TGT) from $69.00 to $66.00 in a research note issued to investors on Thursday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 9.40% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley raised their price target on shares of Target from $58.00 to $61.00 in a research note on Thursday. Separately, analysts at Jefferies Group raised their price target on shares of Target from $52.00 to $55.00 in a research note on Thursday. Finally, analysts at Wed cut their price target on shares of Target from $3.10 to $0.79 in a research note on Wednesday. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. Target presently has an average rating of “Hold” and an average price target of $57.81.
Shares of Target (NYSE:TGT) opened at 60.33 on Thursday. Target has a 52 week low of $54.66 and a 52 week 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 20.38. Target also saw unusually large options trading activity on Tuesday. Stock traders bought 11,627 call options on the stock. This represents an increase of approximately 159% compared to the average daily 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 (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts predict that Target will post $3.41 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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