Target Corp (NYSE: TGT) has reported earnings for its third fiscal quarter (ending October 31) of $2.10 versus $1.55 for the same period a year ago — an increase of 35%. For the latest four quarters through October 31, E.P.S. were $7.87 compared to $7.35 a year ago — an increase of 7%.
Recent Price Action
Target Corp (NYSE: TGT) stock closed at $130.46 on 11/15/23 after a major increase of 17.8%. The stock has risen 17.2% during the last week but has been weak relative to 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 F (Lowest Rating). 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 46 but a poor Power Rating of 18, and the Lowest Value Trend Rating results.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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