Target Corporation (NYSE:TGT) – Russian Business, Target of Cypriot Bailout, Still Loves the Island

Target Corporation (NYSE:TGT) [at New York Times] – Despite efforts by international officials to curb Cyprus’s allure as a tax haven, it remains a magnet for investors and companies from Russia.
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Target Corp. (TGT), currently valued at $35.43B, opened this morning at $56.63.
 
Looking at today’s trading action, the company’s one day range from $55.76 to $56.69 with a one year range of $54.66 to $73.50.
 
Target (TGT) shares are currently priced at 17.46x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.31x earnings multiple for the same period.
 
And for dividend hunters, the company pays shareholders $1.72 per share annually in dividends, yielding 3.10%.
 
Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $0.81 per share, which would be $0.66 worse than the year-ago quarter and a $0.64 sequential decrease. The full-year EPS estimate is $3.21 which would be a $1.17 worse than last year’s full-year earnings.
 
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $21.48 Billion. If realized, that would be a 5.50% decrease over the year-ago quarter.
 
More recently, Prime Executions Initiated TGT at Neutral (Feb 11, 2014). Previously, Pacific Crest Initiated TGT at to Outperform.
 
The average price target for TGT shares by the analysts covering the stock is $64.29, which is 13.53% above where the stock opened this morning.
 
Target Corporation (NYSE:TGT), operates general merchandise stores in the United States. As of September 25, 2013, it had 1,870 stores, including 1,788 stores in the United States and 82 stores in Canada. Target Corporation was founded in 1902 and is headquartered in Minneapolis, Minnesota.
 
Tag Helper ~ Stock Code: TGT | Common Company name: Target | Full Company name: Target Corporation (NYSE:TGT) .

More on this topic (What's this?)
Why You Shouldn’t Bail on This Market
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Read more on Target, 2008 Financial Crisis at Wikinvest

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