Several brokerages have updated their recommendations and price targets on shares of Target (NYSE: TGT) in the last few weeks:

  • 12/14/2017 – Target was given a new $65.00 price target on by analysts at Sanford C. Bernstein. They now have a “buy” rating on the stock.
  • 12/14/2017 – Target was given a new $77.00 price target on by analysts at MKM Partners. They now have a “buy” rating on the stock.
  • 12/4/2017 – Target is now covered by analysts at Moffett Nathanson. They set a “neutral” rating on the stock.
  • 12/1/2017 – Target was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 11/29/2017 – Target was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $66.10 price target on the stock.
  • 11/27/2017 – Target was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $63.69 price target on the stock.
  • 11/20/2017 – Target was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $64.00 price target on the stock.
  • 11/16/2017 – Target had its price target lowered by analysts at Morgan Stanley from $52.00 to $50.00. They now have an “underweight” rating on the stock.
  • 11/16/2017 – Target had its price target lowered by analysts at Stifel Nicolaus from $65.00 to $62.00. They now have a “hold” rating on the stock.
  • 11/16/2017 – Target had its price target lowered by analysts at Telsey Advisory Group from $60.00 to $58.00. They now have an “outperform” rating on the stock.
  • 11/15/2017 – Target was given a new $45.00 price target on by analysts at Barclays PLC. They now have a “sell” rating on the stock.
  • 11/3/2017 – Target is now covered by analysts at Wells Fargo & Company. They set a “market perform” rating and a $62.00 price target on the stock.
  • 10/23/2017 – Target was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Target’s initiatives such as the development of omni-channel capacities, diversification and localization of assortments along with emphasis on flexible format stores bode well for the stock that outpaced the industry in the past six months. Management plans to expand its merchandise assortments with special emphasis on Style, Baby, Kids, and Wellness categories that are performing well. Moreover, Target is also concentrating on rationalization of supply chain, technology and process improvements. These initiatives helped it to continue with its upbeat performance in fiscal 2017 as reflected from impressive second-quarter results and an encouraging earnings outlook. These endeavours are also important due to changing retail landscape that encompasses increasing online penetration and aggressive pricing that may hurt sales and margins. The company expects fiscal 2017 comparable sales growth to be in a range around flat, plus or minus 1%.”
  • 10/18/2017 – Target was given a new $60.00 price target on by analysts at Stifel Nicolaus. They now have a “hold” rating on the stock.
  • 10/18/2017 – Target is now covered by analysts at MKM Partners. They set a “buy” rating and a $85.00 price target on the stock.

Shares of Target Co. (NYSE TGT) opened at $61.94 on Friday. Target Co. has a 12-month low of $48.56 and a 12-month high of $78.37. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.96 and a quick ratio of 0.27. The firm has a market capitalization of $33,163.37, a P/E ratio of 12.71, a PEG ratio of 7.54 and a beta of 0.64.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.05. Target had a return on equity of 24.09% and a net margin of 3.80%. The company had revenue of $16.67 billion during the quarter, compared to analysts’ expectations of $16.61 billion. During the same period in the prior year, the business earned $1.04 earnings per share. Target’s revenue for the quarter was up 1.4% compared to the same quarter last year. sell-side analysts anticipate that Target Co. will post 4.54 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 10th. Stockholders of record on Wednesday, November 15th were given a $0.62 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $2.48 annualized dividend and a dividend yield of 4.00%. Target’s dividend payout ratio is 51.88%.

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.

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