Target Corp (NYSE: TGT) has reported earnings for its second fiscal quarter (ending July 31) of $2.58 versus $1.81 for the same period a year ago. For the latest four quarters through July 31, E.P.S. were $9.71 compared to $7.32 a year ago.
Recent Price Action
Target Corp (NYSE: TGT) stock closed at $159.25 on 8/21/24 after a major increase of 10.3%. Moreover, trading volume in this advance was exceptionally high at 586% of normal. The stock has risen 16.5% during the last week and has performed in line with the market over the last nine months.
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 C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Target has a neutral Appreciation Score of 47 and a neutral Power Rating of 52, leading to the Neutral Value Trend Rating.
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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