Evercore ISI Issues Pessimistic Forecast for Target (NYSE:TGT) Stock Price

Target (NYSE:TGT) had its price objective cut by equities researchers at Evercore ISI from $135.00 to $130.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “in-line” rating on the retailer’s stock. Evercore ISI’s price target indicates a potential upside of 14.26% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. TD Cowen lowered their target price on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. BMO Capital Markets decreased their price objective on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a report on Thursday, November 21st. Daiwa Capital Markets cut shares of Target from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $170.00 to $130.00 in a research note on Tuesday, November 26th. Telsey Advisory Group decreased their price target on shares of Target from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Bank of America lowered their price target on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $147.00.

Target Trading Down 2.4 %

Shares of TGT stock opened at $113.78 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. The company has a market capitalization of $52.13 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 1.94 and a beta of 1.18. Target has a 52-week low of $112.53 and a 52-week high of $181.86. The company has a 50-day simple moving average of $132.46 and a two-hundred day simple moving average of $141.72.

Target (NYSE:TGT) last released its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.17. The company had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Research analysts anticipate that Target will post 8.69 EPS for the current fiscal year.

Institutional Trading of Target

A number of large investors have recently modified their holdings of TGT. Legacy Investment Solutions LLC purchased a new stake in Target in the third quarter valued at approximately $28,000. Bernard Wealth Management Corp. purchased a new position in Target in the 4th quarter worth approximately $30,000. Hopwood Financial Services Inc. bought a new position in shares of Target in the 4th quarter worth $29,000. FSA Wealth Management LLC purchased a new stake in shares of Target during the 3rd quarter valued at $36,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Target during the 3rd quarter valued at $38,000. Institutional investors own 79.73% of the company’s stock.

Target Company Profile

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.