Target Corp (NYSE: TGT) has reported earnings for its first fiscal quarter (ending April 30) of $2.04 versus $2.06 for the same period a year ago. E.P.S. were $8.94 for the latest four quarters through April 30 versus $5.91 for the same period a year ago.
Recent Price Action
On 5/22/24, Target Corp (NYSE: TGT) stock suffered a large decline of -8.0%, closing at $143.27. Moreover, trading volume in this decline was exceptionally high at 521% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -9.9% during the last week.
Current PriceTarget Research Rating
TGT is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Target has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Target has a neutral Appreciation Score of 43 but a very high Power Rating of 89, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment