Overall market sentiment has been high on Target Corp (TGT) stock lately. TGT receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Target Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TGT!
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With TGT Stock Today?
Target Corp (TGT) stock is higher by 0.2% while the S&P 500 is down -0.1% as of 3:16 PM on Tuesday, Nov 28. TGT is up $0.26 from the previous closing price of $131.32 on volume of 2,490,013 shares. Over the past year the S&P 500 has gained 14.69% while TGT is down -20.43%. TGT earned $7.85 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 16.76.
To see InvestorsObserver's Sentiment Score for Target Corp click here.
More About Target Corp
Target is a leading American general merchandise retailer offering a variety of products across several categories including beauty and household essentials 26% of fiscal 2021 sales food and beverage 19% home furnishings and dcor 19% hardlines 18% and apparel and accessories 17%. Most of Targets stores are large averaging more than 125000 square feet. The company has a significant e-commerce presence deriving around 19% of sales from the channel up from about 9% in fiscal 2019 before the pandemic. In addition to its namesake stores Target owns Shipt an online same-day delivery platform. After it exited Canada in 2015 virtually all of Targets revenue is generated from the United States.
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