Target (NYSE:TGT) Upgraded by StockNews.com to “Buy” Rating

Target (NYSE:TGT) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other equities analysts have also recently weighed in on TGT. Wells Fargo & Company lowered their price target on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Evercore ISI lowered their price target on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a report on Thursday, November 21st. Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Sanford C. Bernstein increased their price target on Target from $139.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, January 28th. Finally, Citigroup raised their target price on Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $157.70.

Target Stock Performance

TGT stock opened at $124.40 on Friday. The stock has a market capitalization of $57.00 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. Target has a 12-month low of $120.21 and a 12-month high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock’s 50 day simple moving average is $134.41 and its 200 day simple moving average is $142.80.

Institutional Investors Weigh In On Target

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Legacy Investment Solutions LLC acquired a new position in Target in the third quarter valued at $28,000. Bernard Wealth Management Corp. acquired a new position in Target in the fourth quarter valued at $30,000. Hopwood Financial Services Inc. acquired a new position in Target in the fourth quarter valued at $29,000. FSA Wealth Management LLC acquired a new position in Target in the third quarter valued at $36,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Target in the third quarter valued at $38,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.