Yahoo Finance Target (TGT) Catches Eye: Stock Jumps 5.5%
Target Corporation TGT was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $54.16 to $62.93 in the past one-month time frame.
The move came after the company reported third-quarter 2017 results, which reflected that the company’s strategy to return to growth is working.
The company has seen five negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Target currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Target Corporation Price
Target Corporation Price | Target Corporation Quote
A better-ranked stock in the Retail - Discount Stores is Big Lots, Inc. BIG, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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