For its fourth fiscal quarter (ending January 31), Target Corp (NYSE: TGT) has reported E.P.S. of $2.99 compared to $1.90 a year ago. For the latest four quarters through January 31, E.P.S. were $8.96 compared to $6.02 a year ago.
Recent Price Action
On 3/5/24, Target Corp (NYSE: TGT) stock enjoyed a major increase of 12.0%, closing at $168.58. Moreover, trading volume in this advance was exceptionally high at 590% of normal. Relative to the market the stock has been strong over the last nine months and has risen 12.3% during the last week.
Current PriceTarget Research Rating
TGT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Target has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Target has a slightly negative Appreciation Score of 36 but a good Power Rating of 79, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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