Target Corp (NYSE: TGT) has a price-to-earnings ratio of 15.49x that is above its average ratio. Additionally, the 36-month beta value for TGT is 1.22. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 18 rating it as “hold,” and 3 rating it as “sell.”
The public float for TGT is 459.55M and currently, short sellers hold a 3.10% ratio of that float. The average trading volume of TGT on November 05, 2024 was 4.10M shares.
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TGT) stock’s latest price update
Target Corp (NYSE: TGT) has seen a decline in its stock price by -0.56 in relation to its previous close of 150.84. However, the company has experienced a 0.46% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-04 that TORONTO, Nov. 4, 2024 /PRNewswire/ – Mandalay Resources Corporation (“Mandalay” or “the Company”) (TSX: MND) (OTCQB: MNDJF) announced today that its third quarter 2024 financial results will be released after market close on November 06, 2024, followed by a conference call and webcast with Frazer Bourchier, President and Chief Executive Officer of Mandalay, for investors and analysts on November 07, 2024, at 10:00 AM (Toronto time). You may join by using the following dial-in number: Participant Number (North America toll free): 1-888-510-2154Conference ID: 13145 Alternatively, please register for the webcast here.
TGT’s Market Performance
Target Corp (TGT) has seen a 0.46% rise in stock performance for the week, with a -1.89% decline in the past month and a 12.06% surge in the past quarter. The volatility ratio for the week is 1.59%, 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 -1.85% for TGT stock, with a simple moving average of -2.30% for the last 200 days.
Analysts’ Opinion of TGT
Many brokerage firms have already submitted their reports for TGT stocks, with Bernstein repeating the rating for TGT by listing it as a “Mkt Perform.” The predicted price for TGT in the upcoming period, according to Bernstein is $168 based on the research report published on October 22, 2024 of the current year 2024.
Daiwa Securities, on the other hand, stated in their research note that they expect to see TGT reach a price target of $170. The rating they have provided for TGT stocks is “Outperform” according to the report published on August 26th, 2024.
Telsey Advisory Group gave a rating of “Outperform” to TGT, setting the target price at $195 in the report published on August 22nd of the current year.
TGT Trading at -1.95% 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 -17.52% of loss for the given period.
Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 1.59%, as shares surge +0.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.37% lower at present.
During the last 5 trading sessions, TGT rose by +0.46%, which changed the moving average for the period of 200-days by +8.58% in comparison to the 20-day moving average, which settled at $152.82. In addition, Target Corp saw 5.32% 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
In conclusion, Target Corp (TGT) has seen better performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others rating it 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.
