Target’s Overweight Rating Reaffirmed at Piper Jaffray (TGT)
Target (NYSE: TGT)‘s stock had its “overweight” rating reiterated by research analysts at Piper Jaffray in a report released on Friday, ARN reports. They currently have a $74.00 price target on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Target in a research note to investors on Tuesday, April 23rd. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Target in a research note to investors on Wednesday, April 17th. They now have a $72.00 price target on the stock. Finally, analysts at Janney Montgomery Scott reiterated a “buy” rating on shares of Target in a research note to investors on Wednesday, April 17th. They now have a $72.00 price target on the stock.
Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Target has an average rating of “Buy” and an average price target of $72.81.
Shares of Target (NYSE: TGT) traded up 2.04% during mid-day trading on Friday, hitting $70.60. Target has a 52 week low of $54.68 and a 52 week high of $70.99. The stock’s 50-day moving average is currently $68.83. The company has a market cap of $45.282 billion and a P/E ratio of 15.31.
Target (NYSE: TGT) last released its earnings data on Wednesday, February 27th. The company reported $1.65 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.48 by $0.17. The company had revenue of $22.37 billion for the quarter, compared to the consensus estimate of $22.66 billion. During the same quarter last year, the company posted $1.49 earnings per share. Target’s revenue was up 6.8% compared to the same quarter last year. Target has set its Q1 guidance at $1.22-1.32 EPS and its FY14 guidance at $4.70-4.90 EPS. Analysts expect that Target will post $4.49 EPS for the current fiscal year.
Target Corporation (NYSE: TGT) operates in three segments: U.
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