Equities researchers at BMO Capital Markets upped their price objective on shares of TJX Cos. (NYSE:TJX) from $52.00 to $60.00 in a research report issued on Wednesday, AmericanBankingNews.com reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price indicates a potential downside of 5.17% from the stock’s previous close.
TJX Cos. (NYSE:TJX) traded up 0.24% during mid-day trading on Wednesday, hitting $63.27. The stock had a trading volume of 3,767,985 shares. TJX Cos. has a 1-year low of $40.98 and a 1-year high of $63.93. The stock has a 50-day moving average of $59.02 and a 200-day moving average of $53.91. The company has a market cap of $45.253 billion and a P/E ratio of 23.17.
TJX Cos. (NYSE:TJX) last released its earnings data on Tuesday, November 19th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. The company had revenue of $6.98 billion for the quarter, compared to the consensus estimate of $6.91 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Analysts expect that TJX Cos. will post $2.86 EPS for the current fiscal year.
TJX has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of TJX Cos. in a research note to investors on Wednesday. They now have a $66.00 price target on the stock. Separately, analysts at Lazard Capital Markets reiterated a “buy” rating on shares of TJX Cos. in a research note to investors on Wednesday. They now have a $66.00 price target on the stock. Finally, analysts at UBS AG reiterated a “buy” rating on shares of TJX Cos. in a research note to investors on Wednesday. They now have a $73.00 price target on the stock, up previously from $66.00. They noted that the move was a valuation call. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $62.13.
The TJX Companies, Inc (NYSE:TJX) is the off-price apparel and home fashions retailer in the United States and worldwide.
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