Assessing Whether Target Corp (NYSE: TGT) Is Over- Or Undervalued

Target Corp (TGT) concluded trading on Wednesday at a closing price of $146.45, with 2.95 million shares of worth about $431.89 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.95% during that period and on July 24, 2024 the price saw a loss of about -2.54%. Currently the company’s common shares owned by public are about 461.68M shares, out of which, 461.37M shares are available for trading.

Stock saw a price change of -6.08% in past 5 days and over the past one month there was a price change of -2.16%. Year-to-date (YTD), TGT shares are showing a performance of 2.83% which increased to 8.15% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $102.93 but also hit the highest price of $181.86 during that period. The average intraday trading volume for Target Corp shares is 4.04 million. The stock is currently trading -1.79% below its 20-day simple moving average (SMA20), while that difference is down -2.18% for SMA50 and it goes to 1.15% higher than SMA200.

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Target Corp (NYSE: TGT) currently have 461.68M outstanding shares and institutions hold larger chunk of about 82.31% of that.

The stock has a current market capitalization of $67.75B and its 3Y-monthly beta is at 1.19. PE ratio of stock for trailing 12 months is 16.42, while it has posted earnings per share of $8.92 in the same period. Its PEG reads 0.90 and has Quick Ratio of 0.27 while making debt-to-equity ratio of 1.53. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TGT, volatility over the week remained 2.09% while standing at 2.03% over the month.

Stock’s fiscal year EPS is expected to rise by 4.23% while it is estimated to increase by 11.53% in next year. EPS is likely to grow at an annualized rate of 18.34% for next 5-years, compared to annual growth of 10.17% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Piper Sandler on July 10, 2024 offering a Neutral rating for the stock and assigned a target price of $156 to it. Coverage by Exane BNP Paribas stated Target Corp (TGT) stock as an Underperform in their note to investors on June 03, 2024, suggesting a price target of $116 for the stock. On May 23, 2024, Telsey Advisory Group Reiterated their recommendations, while on May 07, 2024, Citigroup Upgrade their ratings for the stock with a price target of $180. Stock get a Buy rating from Gordon Haskett on April 04, 2024.

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