Research analysts at Credit Suisse Group AG assumed coverage on shares of Target Corp. (NYSE:TGT) in a note issued to investors on Friday. The brokerage set a “neutral” rating and a $65.00 price target on the retailer’s stock. Credit Suisse Group AG’s target price indicates a potential downside of 5.65% from the company’s previous close.

Several other research analysts have also recently issued reports on TGT. Barclays PLC lowered their price objective on Target Corp. from $70.00 to $65.00 and set an “underweight” rating for the company in a research report on Thursday, May 19th. Citigroup Inc. reissued a “buy” rating and issued a $80.00 target price (down from $92.00) on shares of Target Corp. in a report on Thursday, May 19th. Morgan Stanley reduced their target price on Target Corp. from $72.00 to $67.00 and set an “underweight” rating for the company in a report on Thursday, May 19th. Telsey Advisory Group reduced their target price on Target Corp. from $91.00 to $88.00 and set an “outperform” rating for the company in a report on Thursday, May 19th. Finally, Nomura reduced their target price on Target Corp. from $85.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, May 19th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the stock. Target Corp. has a consensus rating of “Hold” and an average price target of $77.12.

Shares of Target Corp. (NYSE:TGT) opened at 68.89 on Friday. Target Corp. has a one year low of $65.50 and a one year high of $84.14. The firm has a 50-day moving average price of $71.57 and a 200 day moving average price of $74.67. The firm has a market capitalization of $39.60 billion, a price-to-earnings ratio of 12.75 and a beta of 0.68.

Target Corp. (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 17th. The retailer reported $1.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.11. The business earned $16.20 billion during the quarter. Target Corp. had a return on equity of 23.59% and a net margin of 4.59%. The company’s revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.22 earnings per share. Equities analysts forecast that Target Corp. will post $4.96 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Ropes Wealth Advisors LLC boosted its stake in Target Corp. by 9.1% in the second quarter. Ropes Wealth Advisors LLC now owns 1,527 shares of the retailer’s stock valued at $107,000 after buying an additional 127 shares during the period. Arcadia Investment Management Corp MI boosted its stake in Target Corp. by 41.7% in the second quarter. Arcadia Investment Management Corp MI now owns 1,700 shares of the retailer’s stock valued at $119,000 after buying an additional 500 shares during the period. Loomis Sayles & Co. L P boosted its stake in Target Corp. by 1.9% in the second quarter. Loomis Sayles & Co. L P now owns 2,201 shares of the retailer’s stock valued at $154,000 after buying an additional 42 shares during the period. Acrospire Investment Management LLC acquired a new stake in Target Corp. during the first quarter valued at about $165,000. Finally, Duncker Streett & Co. Inc. boosted its stake in Target Corp. by 4.4% in the second quarter. Duncker Streett & Co. Inc. now owns 2,370 shares of the retailer’s stock valued at $165,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.

About Target Corp.

Target Corporation offers everyday essentials and merchandise to its customers. The Company sells a range of general merchandise and food through its store and digital channels. The Company’s general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.

5 Day Chart for NYSE:TGT

Receive News & Ratings for Target Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.