JPMorgan Chase & Co. Issues Positive Forecast for Target (NYSE:TGT) Stock Price

Target (NYSE:TGT) had its price target boosted by analysts at JPMorgan Chase & Co. from $139.00 to $146.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the retailer’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 16.95% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. Daiwa Capital Markets downgraded shares of Target from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $170.00 to $130.00 in a report on Tuesday, November 26th. Wells Fargo & Company cut their price target on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Bank of America dropped their price target on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. BMO Capital Markets cut their price objective on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a report on Thursday, November 21st. Finally, Guggenheim increased their price objective on Target from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. One 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 company has a consensus rating of “Hold” and an average target price of $157.93.

Target Price Performance

Shares of NYSE:TGT traded down $2.55 during midday trading on Wednesday, hitting $124.84. 2,164,227 shares of the stock were exchanged, compared to its average volume of 5,179,887. 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 company has a 50 day moving average price of $134.20 and a 200-day moving average price of $142.69. Target has a twelve month low of $120.21 and a twelve month high of $181.86. The stock has a market cap of $57.20 billion, a P/E ratio of 13.23, a PEG ratio of 1.94 and a beta of 1.15.

Institutional Investors Weigh In On Target

A number of institutional investors have recently modified their holdings of TGT. Cynosure Group LLC lifted its holdings in shares of Target by 4.3% in the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after purchasing an additional 65 shares in the last quarter. Financial Advocates Investment Management boosted its holdings in Target by 1.2% in the 3rd quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock valued at $894,000 after purchasing an additional 67 shares during the period. Hancock Whitney Corp grew its position in Target by 3.3% in the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after acquiring an additional 68 shares in the last quarter. Eagle Bluffs Wealth Management LLC grew its position in Target by 1.1% during the third quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after acquiring an additional 73 shares during the last quarter. Finally, Proffitt & Goodson Inc. lifted its position in Target by 2.2% in the third quarter. Proffitt & Goodson Inc. now owns 3,460 shares of the retailer’s stock valued at $539,000 after purchasing an additional 73 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

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.