Target Co. (TGT) Receives Consensus Rating of “Hold” from Brokerages

Shares of Target Co. (NYSE:TGT) have received an average rating of “Hold” from the thirty ratings firms that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $62.36.

TGT has been the topic of several recent analyst reports. TheStreet upgraded shares of Target from a “c+” rating to a “b” rating in a research report on Thursday, September 28th. Zacks Investment Research upgraded shares of 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. MKM Partners set a $77.00 price objective on shares of Target and gave the company a “buy” rating in a research report on Thursday, December 14th. Morgan Stanley reduced their price objective on shares of Target from $52.00 to $50.00 and set an “underweight” rating on the stock in a research report on Thursday, November 16th. Finally, BMO Capital Markets reiterated a “market weight” rating on shares of Target in a research report on Thursday, September 14th.

In other Target news, Director Roxanne S. Austin sold 4,705 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $62.61, for a total transaction of $294,580.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.25% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. State Street Corp lifted its stake in Target by 1.5% in the second quarter. State Street Corp now owns 51,944,505 shares of the retailer’s stock worth $2,716,176,000 after acquiring an additional 775,265 shares during the period. Vanguard Group Inc. lifted its stake in Target by 0.4% in the second quarter. Vanguard Group Inc. now owns 37,154,396 shares of the retailer’s stock worth $1,942,803,000 after acquiring an additional 130,252 shares during the period. Franklin Resources Inc. lifted its stake in Target by 8.7% in the second quarter. Franklin Resources Inc. now owns 21,112,915 shares of the retailer’s stock worth $1,103,994,000 after acquiring an additional 1,686,774 shares during the period. Dodge & Cox lifted its stake in Target by 83.3% in the second quarter. Dodge & Cox now owns 20,025,223 shares of the retailer’s stock worth $1,047,119,000 after acquiring an additional 9,102,526 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Target by 7.5% in the third quarter. Bank of New York Mellon Corp now owns 9,738,657 shares of the retailer’s stock worth $574,680,000 after acquiring an additional 682,253 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

Shares of Target (NYSE TGT) traded up $0.17 during trading hours on Monday, reaching $65.39. 3,928,497 shares of the company’s stock traded hands, compared to its average volume of 7,366,063. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.96 and a quick ratio of 0.27. Target has a twelve month low of $48.56 and a twelve month high of $74.48. The stock has a market capitalization of $35,451.81, a P/E ratio of 13.68, a P/E/G ratio of 8.13 and a beta of 0.64.

Target (NYSE:TGT) last issued its quarterly earnings results 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 net margin of 2.87% and a return on equity of 17.25%. The business had revenue of $16.67 billion for the quarter, compared to the consensus estimate of $16.61 billion. During the same quarter in the previous year, the firm earned $1.04 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. research analysts expect that Target will post 4.51 EPS for the current year.

WARNING: “Target Co. (TGT) Receives Consensus Rating of “Hold” from Brokerages” was first reported by Week Herald and is the sole property of of Week Herald. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://weekherald.com/2017/12/25/target-co-tgt-receives-consensus-rating-of-hold-from-brokerages.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)

Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply