Target logged a -12.0% change during today's afternoon session after a disappointing earnings report, and is now trading at a price of $157.55 per share. The S&P 500 index moved -0.5% and the Dow Industrial Average posted a -1.2% change. TGT's trading volume is 24,079,785 compared to the stock's average volume of 3,784,671.
Target trades -18.11% away from its average analyst target price of $192.4 per share. The 30 analysts following the stock have set target prices ranging from $161 to $244, and on average have given Target a rating of buy.
Below are some factors that could be affecting the stocks's performance and analyst recommendation:
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Target has moved -29.5% over the last year, and the S&P 500 logged a change of -14.9%
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Based on its trailing earning per share of 8.83, Target has a trailing 12 month Price to Earnings (P/E) ratio of 17.8 while the S&P 500 average is 15.97
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TGT has a forward P/E ratio of 13.3 based on its forward 12 month price to earnings (Eps) is $11.86 per share
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The company has a price to earnings growth (PEG) ratio of -50.73 -- a number near or below 1 signifying that Target is fairly valued compared to its estimated growth potential
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Its Price to Book (P/B) ratio is 6.8 compared to its sector average of 4.09
Target Corporation operates as a general merchandise retailer in the United States. Based in Minneapolis, the company has 450,000 full time employees and a market cap of $72,513,519,616. Target currently returns an annual dividend yield of 2.0%.
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