At the time of writing, Target Corp [TGT] stock is trading at $146.29, down -0.11%. An important factor to consider is whether the stock is rising or falling in short-term value. The TGT shares have lost -3.81% over the last week, with a monthly amount drifted -0.33%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Exane BNP Paribas started tracking the stock with Underperform rating on June 03, 2024, and set its price target to $116. On May 23, 2024, Telsey Advisory Group reiterated its Outperform rating and revised its price target to $190 on the stock. Citigroup upgraded its rating to a Buy but stick to its price target of $180 on May 07, 2024. Gordon Haskett reiterated its recommendation of a Buy and raised its price target to $220 on April 04, 2024. HSBC Securities upgraded its rating to Buy for this stock on March 06, 2024, and upped its price target to $195. In a note dated March 06, 2024, Deutsche Bank upgraded an Buy rating on this stock and boosted its target price from $149 to $206.
For the past year, the stock price of Target Corp fluctuated between $102.93 and $181.86. Currently, Wall Street analysts expect the stock to reach $177.03 within the next 12 months. Target Corp [NYSE: TGT] shares were valued at $146.29 at the most recent close of the market. An investor can expect a potential return of 21.01% based on the average TGT price forecast.
Analyzing the TGT fundamentals
According to Target Corp [NYSE:TGT], the company’s sales were 106.62B for trailing twelve months, which represents an -3.12% plunge. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.32 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.16.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 145.05 points at the first support level, and at 143.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 148.48, and for the 2nd resistance point, it is at 150.66.
Ratios To Look Out For
It is important to note that Target Corp [NYSE:TGT] has a current ratio of 0.86. On the other hand, the Quick Ratio is 0.27, and the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 0.63, the price to book ratio is 4.89 and price to earnings (TTM) ratio is 16.40.
Transactions by insiders
Recent insider trading involved Cornell Brian C, Executive Officer, that happened on Jun 04 ’24 when 45000.0 shares were sold. Executive Officer, HENNINGTON CHRISTINA completed a deal on Mar 21 ’24 to sell 4600.0 shares. Meanwhile, Executive Officer Kremer Melissa K sold 3000.0 shares on Mar 14 ’24.
