Factors Likely to Have Influenced Earnings Results Target Stock Forecast, Price & News (NYSE:TGT)

0
343

Earnings results for Target Stock Forecast, Price & News (NYSE:TGT)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJul 2020 , the consensus EPS* forecast has increased over the past week from 1.47 to 1.62(10.20%) and increased over the past month from 1.47 to 1.62(10.20%). Of the 7 analysts making quarterly forecasts, 7raised and none lowered their forecast. For the fiscal year ending Jan 2021 , the consensus EPS* forecast has increased over the past week from 4.96 to 5.15(3.83%) and remained the same over the past month at 4.96 . Of the 9 analysts making yearly forecasts, 9raised and none lowered their forecast.

Target last posted its earnings results on May 20th, 2020. The retailer reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.19. The company had revenue of $19.37 billion for the quarter, compared to analysts’ expectations of $19.04 billion. Its quarterly revenue was up 11.3% compared to the same quarter last year. Target has generated $6.39 earnings per share over the last year and currently has a price-to-earnings ratio of 25.4. Target has confirmed that its next quarterly earnings report will be published on Wednesday, August 19th, 2020.

Analyst Opinion on Target Stock Forecast, Price & News (NYSE:TGT)

28 Wall Street analysts have issued ratings and price targets for Target in the last 12 months. Their average twelve-month price target is $131.72, predicting that the stock has a possible downside of 3.78%. The high price target for TGT is $160.00 and the low price target for TGT is $105.00. There are currently 1 sell rating, 6 hold ratings, 18 buy ratings and 3 strong buy ratings for the stock, resulting in a consensus rating of “Buy.”

Target has received a consensus rating of Buy. The company’s average rating score is 2.82, and is based on 18 buy ratings, 6 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $131.72, Target has a forecasted downside of 3.8% from its current price of $136.90. Target has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Target Stock Forecast, Price & News (NYSE:TGT)

Target pays a meaningful dividend of 1.91%, higher than the bottom 25% of all stocks that pay dividends. Target has been increasing its dividend for 17 years. The dividend payout ratio of Target is 41.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Target will have a dividend payout ratio of 38.37% next year. This indicates that Target will be able to sustain or increase its dividend.

Insiders buying/selling: Target Stock Forecast, Price & News (NYSE:TGT)

In the past three months, Target insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,623,219.00 in company stock. Only 0.52% of the stock of Target is held by insiders. 80.99% of the stock of Target is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Target Stock Forecast, Price & News (NYSE:TGT

Earnings for Target are expected to grow by 35.43% in the coming year, from $5.08 to $6.88 per share. The P/E ratio of Target is 25.35, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.32. The P/E ratio of Target is 25.35, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 33.98. Target has a PEG Ratio of 4.44. PEG Ratios above 1 indicate that a company could be overvalued. Target has a P/B Ratio of 5.86. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

More latest stories: here