While Target Corp has underperformed by -0.18%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TGT fell by -0.10%, with highs and lows ranging from $181.86 to $120.21, whereas the simple moving average fell by -11.63% in the last 200 days.
On November 26, 2024, Daiwa Securities Downgraded Target Corp (NYSE: TGT) to Neutral. A report published by Telsey Advisory Group on November 21, 2024, Reiterated its previous ‘Outperform’ rating for TGT. HSBC Securities also Downgraded TGT shares as ‘Hold’, setting a target price of $138 on the company’s shares in a report dated November 20, 2024. Citigroup November 20, 2024d its ‘Buy’ rating to ‘Neutral’ for TGT, as published in its report on November 20, 2024. Bernstein’s report from October 22, 2024 suggests a price prediction of $168 for TGT shares, giving the stock a ‘Mkt Perform’ rating. Daiwa Securities also rated the stock as ‘Outperform’.
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Analysis of Target Corp (TGT)
TGT currently pays a dividend of $4.44 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 1.06%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Target Corp’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 32.37% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.25, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 5.90M can be a very valuable indicator of volatility for TGT stock. On a monthly basis, the volatility of the stock is set at 2.75%, whereas on a weekly basis, it is put at 2.30%, with a gain of 2.74% over the past seven days. Furthermore, long-term investors anticipate a median target price of $141.14, showing growth from the present price of $135.05, which can serve as yet another indication of whether TGT is worth investing in or should be passed over.
How Do You Analyze Target Corp Shares?
The USA based company Target Corp (TGT) is one of the biggest names in Discount Stores. When comparing Target Corp shares with other companies under Consumer Defensive, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 14.31, there is a growth in quarterly earnings of -11.84%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.24%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 83.63% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
TGT shares are owned by institutional investors to the tune of 83.63% at present.
