Credit Suisse Group Analysts Give Target (TGT) a $90.00 Price Target
Target (NYSE:TGT) received a $90.00 price objective from research analysts at Credit Suisse Group in a note issued to investors on Thursday, TipRanks reports. The firm presently has a “buy” rating on the retailer’s stock. Credit Suisse Group’s price objective would indicate a potential upside of 13.71% from the stock’s previous close.
Several other analysts also recently weighed in on TGT. Bank of America set a $105.00 target price on shares of Target and gave the stock a “buy” rating in a research report on Thursday. UBS Group increased their price objective on shares of Target from $77.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday. JPMorgan Chase & Co. raised shares of Target from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $81.00 to $100.00 in a research report on Thursday. They noted that the move was a valuation call. Zacks Investment Research raised shares of Target from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Friday, March 8th. Finally, Morgan Stanley raised shares of Target from an “underweight” rating to an “equal weight” rating and set a $67.00 price target on the stock in a research report on Monday. Twelve investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Target currently has a consensus rating of “Buy” and an average target price of $89.88.
Shares of Target stock traded up $1.59 on Thursday, reaching $79.15. The stock had a trading volume of 7,278,059 shares, compared to its average volume of 5,632,753. The company has a quick ratio of 0.20, a current ratio of 0.83 and a debt-to-equity ratio of 1.08. Target has a 1 year low of $60.15 and a 1 year high of $90.39. The company has a market cap of $37.10 billion, a P/E ratio of 14.68, a PEG ratio of 1.97 and a beta of 0.65.
In other Target news, insider Cathy R. Smith sold 30,000 shares of Target stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $74.00, for a total transaction of $2,220,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert M. Harrison sold 1,791 shares of Target stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $80.28, for a total transaction of $143,781.48. Following the transaction, the insider now directly owns 12,836 shares in the company, valued at approximately $1,030,474.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,977 shares of company stock worth $2,774,409. Insiders own 0.19% of the company’s stock.
Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc increased its holdings in shares of Target by 0.4% in the 3rd quarter. Vanguard Group Inc now owns 38,331,487 shares of the retailer’s stock valued at $3,381,221,000 after acquiring an additional 151,096 shares during the period. BB&T Corp increased its holdings in shares of Target by 31.1% in the 4th quarter. BB&T Corp now owns 36,839 shares of the retailer’s stock valued at $2,435,000 after acquiring an additional 8,732 shares during the period. Clean Yield Group acquired a new position in shares of Target in the 4th quarter valued at $44,000. Tributary Capital Management LLC acquired a new position in shares of Target in the 4th quarter valued at $90,000. Finally, First National Bank of Omaha increased its holdings in shares of Target by 2.9% in the 4th quarter. First National Bank of Omaha now owns 44,807 shares of the retailer’s stock valued at $2,961,000 after acquiring an additional 1,273 shares during the period. 82.48% of the stock is currently owned by hedge funds and other institutional investors.
Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise.
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