Barclays Capital Reaffirms Overweight Rating on Target Corp. (TGT)
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs (NYSE: GS) raised their price target on shares of Target Corp. to $64.00 in a research note to investors on Thursday. Separately, analysts at International Strategy & Investment reiterated a “buy” rating on shares of Target Corp. in a research note to investors on Wednesday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Target Corp. in a research note to investors on Friday, April 13rd. They now have a $61.00 price target on the stock.
Target Corp. opened at 54.81 on Thursday. Target Corp. has a 52-week low of $45.28 and a 52-week high of $58.95. The company has a market cap of $36.640 billion and a price-to-earnings ratio of 12.81.
Target Corp. last posted its quarterly earnings results on Wednesday, May 16th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.03. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Analysts expect that Target Corp. will post $0.76 EPS next quarter.
Target Corporation (Target) operates Target general merchandise stores with an assortment of general merchandise and food assortment.