Target Corporation (NYSE:TGT) does about 4.53M shares in volume on a normal day but saw 3593123 shares change hands in Tuesday trading. The company now has a market cap of 75.04B USD and an enterprise value of about $84.45B. Its current market price is $150.55, marking a decrease of -0.44% compared to the previous close of $151.21. The 52 week high reached by this stock is $156.10 whilst the lowest price level in 52 weeks is $90.17. The script in recent trading has seen the stock touch a high of $151.77 and a low of $150.12.
Target Corporation (TGT) has a 20-day trading average at $142.88 and the current price is -3.56% off the 52-week high compared with 66.96% distance from its 52-week low. The 50-day simple moving average of the closing price is $129.92 and its 200-day simple moving average is $118.71. If we look at the stock’s price movements over the week, volatility stands at 1.31%, which increases to 1.94% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 72.48 to suggest the stock is overbought.
28 analysts observing the Target Corporation (TGT) stock have set the 12-month price targets for the company’s shares at between $127.00 and $180.00. The consensus objective for the share price is $160.25, suggesting that the stock has a potential upside of 6.05% over the period. The median price target is 10.92% away from the current levels at $169.00.
FactSet Research has provided data showing that 28 brokerages have issued ratings for the stock. 2 analysts have rated it as a sell, while 2 advise that it is a overweight. 15 analysts have rated it as a buy and 9 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 20, 2020 when Telsey Advisory Group reiterated the stock to “Outperform” and issued a price target of between $152 and $165. Telsey Advisory Group reiterated its price target at $138-$152.
The current price level is 6.11%, 16.39%, and 27.04% away from its SMA20, SMA50, and SMA200 respectively, with the TGT price moving above the 50-day SMA on September 01. Target Corporation (TGT) stock is down -1.50% over the week and 17.76% over the past month. Its price is 17.42% year-to-date and 41.08% over the past year.
The stock last released its quarterly earnings report for quarter ended 7/30/2020, with the company’s earnings per share (EPS) of $3.38 above consensus estimates by $1.76. The company’s next earnings report is expected on 11/18/2020, with forecasts estimating quarterly EPS at $1.5 and $7.16 for whole year. TGT’s earnings per share are forecast to grow by 12.10% this year and 7.10% over next year. Expected sales for next quarter are $25.01 billion, which analysts say will come at $88.18 billion for the current fiscal year and next year at $87.26 billion. In addition, estimates put the company’s current quarterly revenue at an average of $20.62 billion.
Its 12-month price target is $169.00. To reach the target analysts have set, the stock logically needs to grow 6.05 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $127.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $180.00.
Outstanding shares total 501.00M with insiders holding 0.26% of the shares and institutional holders owning 84.60% of the company’s common stock. The company has a return on investment of 16.00% and return on equity of 28.30%. The price to earnings ratio (P/E ratio) amounts to 28.00 while the forward price to earnings ratio is 19.62. The beta has a value of 0.86. Price to book ratio is 6.75 and price to sales ratio is 0.94.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has reduced its position in Target Corporation (TGT) to 14,208,123 shares, mirroring a recent drop by -0.27%. Vanguard Total Stock Market Index dumped 38941.0 shares of Target Corporation common stock bringing its total worth to about $1.79 billion at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard 500 Index Fund, which sold off 62144.0 shares to end up with 10,311,558 shares worth $1.3 billion. American Funds Income Fund of Ame cut their holdings by -35.51% in the company over the course of the most recent quarter. It now holds a 1.40% position in Target Corporation thanks to 7.01 million shares amounting to $882.42 million.