Skip to main content

Target

(

TGT

) pushed the Services sector higher today making it today's featured services winner. The sector as a whole closed the day up 2.7%. By the end of trading, Target rose 73 cents (1.3%) to $58.19 on heavy volume. Throughout the day, 7.5 million shares of Target exchanged hands as compared to its average daily volume of 4.9 million shares. The stock ranged in a price between $56.93-$58.25 after having opened the day at $57.85 as compared to the previous trading day's close of $57.46. Other companies within the Services sector that increased today were:

Birks & Mayors

(

BMJ

), up 17.7%,

Essex Rental

(

ESSX

), up 17.6%,

American Learning

(

ALRN

), up 14.5%, and

TheStreet Recommends

Rainmaker Systems

(

RMKR

), up 13.5%.

  • ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!

Target Corporation operates general merchandise stores in the United States. Target has a market cap of $38.06 billion and is part of the

retail

industry. The company has a P/E ratio of 13.3, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 12.4% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Target a buy, no analysts rate it a sell, and seven rate it a hold.

TheStreet Ratings rates Target as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider

iShares Dow Jones US Cons Services

(

IYC

) while those bearish on the services sector could consider

ProShares Ultra Short Consumer Sers

(

SCC

).

null