Guggenheim analyst Robert Drbul maintained a Hold rating on Target (TGT) today. The company’s shares opened today at $77.56.
Drbul noted:
“We believe TGT has made great strides improving its omni-channel offering. While we expect operating margin stability in 2019 and are encouraged by an improved top line, we remain NEUTRAL as we expect TGT will need to continue to invest to compete in a rapidly changing and competitive U.S. retail environment, all while continuing to execute its store fulfillment strategy.”
According to TipRanks.com, Drbul is a 5-star analyst with an average return of 10.3% and a 66.8% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Ascena Retail Group, and Ralph Lauren Corp.
Target has an analyst consensus of Moderate Buy, with a price target consensus of $86.80, representing an 11.9% upside. In a report issued on May 20, Morgan Stanley also upgraded the stock to Hold with a $67 price target.
See today’s analyst top recommended stocks >>
Target’s market cap is currently $37.26B and has a P/E ratio of 14.06. The company has a Price to Book ratio of 3.55.
Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Target Corp. engages in owning and operating of general merchandise stores. It offers curated general merchandise and food assortments including perishables, dry grocery, dairy, and frozen items. The company was founded by George Draper Dayton in 1902 and is headquartered in Minneapolis, MN.
