Somewhat Positive Press Coverage Somewhat Unlikely to Impact Target (TGT) Share Price
Media stories about Target (NYSE:TGT) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Target earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news stories about the retailer an impact score of 46.3486448732487 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Target’s (TGT) Holiday Performance Turns Walmart (WMT) Investors Green – StreetInsider.com (streetinsider.com)
- S&P 500 keeps climbing as calm continues to reign for stocks (marketbeat.com)
- Can Target Guidance Live Up to Expectations in 2018? (feedproxy.google.com)
- Target leveraged stores to raise its online game (marketbeat.com)
- Target (TGT) Issues Q4 Earnings Guidance (americanbankingnews.com)
A number of equities research analysts have issued reports on TGT shares. BMO Capital Markets restated a “market weight” rating on shares of Target in a report on Thursday, September 14th. TheStreet upgraded shares of Target from a “c+” rating to a “b” rating in a report on Thursday, September 28th. Zacks Investment Research upgraded shares of Target from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a report on Tuesday, October 10th. MKM Partners started coverage on shares of Target in a report on Wednesday, October 18th. They set a “buy” rating and a $85.00 price target for the company. Finally, Stifel Nicolaus set a $60.00 price target on shares of Target and gave the company a “hold” rating in a report on Wednesday, October 18th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have given a buy rating to the stock. Target has a consensus rating of “Hold” and an average target price of $63.81.
Shares of Target (NYSE TGT) traded up $1.96 on Tuesday, hitting $69.14. 18,158,958 shares of the stock were exchanged, compared to its average volume of 8,955,950. The firm has a market capitalization of $37,580.00, a price-to-earnings ratio of 14.53, a P/E/G ratio of 8.18 and a beta of 0.63. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.96 and a quick ratio of 0.27. Target has a 1-year low of $48.56 and a 1-year high of $72.08.
Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.05. The business had revenue of $16.67 billion during the quarter, compared to analyst estimates of $16.61 billion. Target had a net margin of 3.80% and a return on equity of 24.09%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.04 earnings per share. equities research analysts predict that Target will post 4.57 earnings per share for the current year.
In related news, Director Roxanne S. Austin sold 4,705 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $62.61, for a total value of $294,580.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.20% of the company’s stock.
Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.
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