JPMorgan Chase & Co. Boosts Target (NYSE:TGT) Price Target to $146.00

Target (NYSE:TGT) had its price objective boosted by analysts at JPMorgan Chase & Co. from $139.00 to $146.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the retailer’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 18.90% from the stock’s previous close.

Other research analysts have also issued reports about the company. Bank of America lowered their price target on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Daiwa America downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Truist Financial upped their price target on shares of Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research note on Friday, January 17th. Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $170.00 to $130.00 in a research note on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft downgraded Target from a “buy” rating to a “hold” rating and cut their target price for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $157.93.

Target Stock Down 1.0 %

Target stock opened at $122.80 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target has a one year low of $120.21 and a one year high of $181.86. The company has a 50-day simple moving average of $133.91 and a 200-day simple moving average of $142.42. The firm has a market capitalization of $56.27 billion, a P/E ratio of 13.02, a P/E/G ratio of 1.94 and a beta of 1.15.

Institutional Trading of Target

Institutional investors and hedge funds have recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in shares of Target during the 3rd quarter worth $28,000. Hopwood Financial Services Inc. bought a new stake in Target in the fourth quarter worth about $29,000. Bernard Wealth Management Corp. bought a new stake in Target in the fourth quarter worth about $29,000. MCF Advisors LLC boosted its stake in Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after acquiring an additional 163 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its position in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after acquiring an additional 135 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.