Target (TGT) Lifted to “Positive” at Susquehanna Bancshares

Target (NYSE:TGT) was upgraded by Susquehanna Bancshares from a “neutral” rating to a “positive” rating in a report released on Wednesday. The brokerage presently has a $70.00 price objective on the retailer’s stock. Susquehanna Bancshares’ target price would suggest a potential upside of 1.24% from the company’s current price.

A number of other equities research analysts have also weighed in on the company. TheStreet upgraded Target from a “c+” rating to a “b” rating in a research report on Thursday, September 28th. Vetr lowered Target from a “strong-buy” rating to a “buy” rating and set a $64.00 price objective on the stock. in a research report on Monday, November 20th. MKM Partners began coverage on Target in a research report on Wednesday, October 18th. They set a “buy” rating and a $85.00 price objective on the stock. Zacks Investment Research upgraded Target from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research report on Tuesday, October 10th. Finally, ValuEngine upgraded Target from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $63.81.

Target (TGT) opened at $69.14 on Wednesday. Target has a 52 week low of $48.56 and a 52 week high of $72.08. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $37,580.00, a price-to-earnings ratio of 14.53, a PEG ratio of 8.18 and a beta of 0.63.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $16.61 billion. During the same quarter last year, the company posted $1.04 EPS. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. sell-side analysts expect that Target will post 4.57 earnings per share for the current year.

In related news, Director Roxanne S. Austin sold 4,705 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $62.61, for a total transaction of $294,580.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of TGT. SOUTH STATE Corp grew its holdings in shares of Target by 45.2% in the fourth quarter. SOUTH STATE Corp now owns 67,886 shares of the retailer’s stock valued at $4,929,000 after acquiring an additional 21,125 shares in the last quarter. OLD National Bancorp IN grew its holdings in Target by 13.8% during the first quarter. OLD National Bancorp IN now owns 62,330 shares of the retailer’s stock valued at $3,440,000 after purchasing an additional 7,547 shares during the period. ING Groep NV grew its holdings in Target by 114.3% during the first quarter. ING Groep NV now owns 7,632 shares of the retailer’s stock valued at $421,000 after purchasing an additional 4,071 shares during the period. Princeton Alpha Management LP grew its holdings in Target by 118.7% during the third quarter. Princeton Alpha Management LP now owns 29,911 shares of the retailer’s stock valued at $2,054,000 after purchasing an additional 16,235 shares during the period. Finally, Honeywell International Inc. grew its holdings in Target by 44.8% during the first quarter. Honeywell International Inc. now owns 665,100 shares of the retailer’s stock valued at $36,707,000 after purchasing an additional 205,700 shares during the period. 87.42% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This story was posted by American Banking and Market News and is owned by of American Banking and Market News. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at https://www.americanbankingnews.com/2018/01/10/target-tgt-lifted-to-positive-at-susquehanna-bancshares.html.

About Target

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.

Analyst Recommendations for Target (NYSE:TGT)