Target Corp. (NYSE:TGT) was downgraded by stock analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports. They currently have a $68.00 price target on the stock, down from their previous price target of $76.00. Robert W. Baird’s target price would indicate a potential upside of 3.82% from the company’s current price.
TGT has been the subject of a number of other recent research reports. Analysts at Susquehanna downgraded shares of Target Corp. from a “positive” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $73.00 price target on the stock, up previously from $55.00. They noted that the move was a valuation call. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Target Corp. from an “overweight” rating to a “neutral” rating in a research note to investors on Thursday, August 8th. They now have a $74.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Target Corp. from an “overweight” rating to a “neutral” rating in a research note to investors on Thursday, August 8th.
Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $72.84.
Target Corp. (NYSE:TGT) traded down 1.25% during mid-day trading on Wednesday, hitting $64.68. 2,203,556 shares of the company’s stock traded hands. Target Corp. has a 52 week low of $58.01 and a 52 week high of $73.50. The stock has a 50-day moving average of $71.16 and a 200-day moving average of $68.73. The company has a market cap of $41.505 billion and a price-to-earnings ratio of 15.39. Target Corp. also saw some unusual options trading activity on Tuesday. Stock traders acquired 7,393 call options on the company. This is an increase of 291% compared to the typical daily volume of 1,889 call options.
Target Corp. (NYSE:TGT) last released its earnings data on Wednesday, August 21st. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.23. The company had revenue of $17.12 billion for the quarter, compared to the consensus estimate of $17.26 billion. During the same quarter in the previous year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts expect that Target Corp. will post $4.33 EPS for the current fiscal year.
Target Corporation (NYSE:TGT) operates in three segments: U.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.