Wall Street is neutral on Tanger Factory Outlet Centers Inc. (SKT). On average, analysts give SKT a Strong Sell rating. The average price target is $5.75, which means analysts expect the stock to decrease by -15.69% over the next twelve months.
That average ranking earns SKT an Analyst Rating of 1, which is better than 1% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
Investors Observer averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What's Happening With Tanger Factory Outlet Centers Inc. Stock Today?
Tanger Factory Outlet Centers Inc. (SKT) stock is trading at $6.82 as of 3:12 PM on Thursday, Oct 22, a gain of $0.41, or 6.48% from the previous closing price of $6.40. The stock has traded between $6.34 and $6.89 so far today. Volume today is more active than usual. So far 3,136,323 shares have traded compared to average volume of 2,215,521 shares.
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