When Target (NYSE:TGT) reported earnings 16 days ago on November 15th, 2012, analysts, on average, expected the company to report earnings of $0.91 on sales of $17.0 billion. The company actually reported EPS of $0.90 on sales of $16.9 billion, missing EPS estimates by $0.01 and missing revenue estimates by $22.7 million. Since the company's report, shares of Target have risen from $62.44 to $63.13, representing a gain of 1.1% in the past 16 days.
In the past 52 weeks, shares of Target have traded between a low of $47.25 and a high of $65.80 and closed Thursday at $63.13, which is 34% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.2%.
Potential upside of 13.5% exists for Target, based on a current level of $63.13 and analysts' average consensus price target of $71.67. The stock should hit resistance at its 50-day moving average (MA) of $63.15, as well as support at its 200-day MA of $59.88.
Target Corporation operates general merchandise discount stores in the United States. The Company's merchandising operations include general merchandise and food discount stores and a fully integrated online business. Target also offers credit to qualified applicants through its branded proprietary credit cards.