Target Corp (NYSE: TGT) has a higher price-to-earnings ratio of 15.64x compared to its average ratio. TGT has 36-month beta value of 1.24. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 18 as “hold,” and 3 as “sell.”
The public float for TGT is 459.39M, and currently, short sellers hold a 3.36% ratio of that float. The average trading volume of TGT on October 21, 2024 was 4.09M shares.
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TGT) stock’s latest price update
Target Corp (NYSE: TGT)’s stock price has dropped by -3.43 in relation to previous closing price of 156.84. Nevertheless, the company has seen a loss of -4.12% in its stock price over the last five trading days. schaeffersresearch.com reported 2024-10-21 that Barclays downgraded United Parcel Service, Inc. (NYSE:UPS) to “underweight” from “equal weight.
TGT’s Market Performance
Target Corp (TGT) has experienced a -4.12% fall in stock performance for the past week, with a -2.13% drop in the past month, and a 0.79% rise in the past quarter. The volatility ratio for the week is 1.82%, and the volatility levels for the past 30 days are at 1.95% for TGT. The simple moving average for the last 20 days is -2.10% for TGT’s stock, with a simple moving average of -1.07% for the last 200 days.
Analysts’ Opinion of TGT
Many brokerage firms have already submitted their reports for TGT stocks, with Daiwa Securities repeating the rating for TGT by listing it as a “Outperform.” The predicted price for TGT in the upcoming period, according to Daiwa Securities is $170 based on the research report published on August 26, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see TGT reach a price target of $195, previously predicting the price at $190. The rating they have provided for TGT stocks is “Outperform” according to the report published on August 22nd, 2024.
Evercore ISI gave a rating of “In-line” to TGT, setting the target price at $160 in the report published on August 22nd of the current year.
TGT Trading at -0.49% from the 50-Day Moving Average
After a stumble in the market that brought TGT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.72% of loss for the given period.
Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 1.82%, as shares sank -1.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.56% upper at present.
During the last 5 trading sessions, TGT fell by -3.45%, which changed the moving average for the period of 200-days by +8.75% in comparison to the 20-day moving average, which settled at $154.76. In addition, Target Corp saw 6.34% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TGT starting from Gomez Richard H., who sale 6,348 shares at the price of $157.17 back on Sep 27 ’24. After this action, Gomez Richard H. now owns 123,551 shares of Target Corp, valued at $997,715 using the latest closing price.
Gomez Richard H., the Officer of Target Corp, proposed sale 6,348 shares at $157.17 during a trade that took place back on Sep 27 ’24, which means that Gomez Richard H. is holding shares at $997,716 based on the most recent closing price.
Stock Fundamentals for TGT
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.27 for the gross margin
The net margin for Target Corp stands at 0.04. The total capital return value is set at 0.17. Equity return is now at value 33.97, with 8.22 for asset returns.
Based on Target Corp (TGT), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.56. The debt to equity ratio resting at 1.06. The interest coverage ratio of the stock is 14.03.
Currently, EBITDA for the company is 8.61 billion with net debt to EBITDA at 1.71. When we switch over and look at the enterprise to sales, we see a ratio of 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.90.
Conclusion
To put it simply, Target Corp (TGT) has had a mixed performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
