NEW YORK (

TheStreet

) --

Target

(NYSE:

TGT

) hit a new 52-week high Tuesday as it is currently trading at $56.01, above its previous 52-week high of $56 with 7.3 million shares traded as of 3:50 p.m. ET. Average volume has been 6.4 million shares over the past 30 days.

Target has a market cap of $34.08 billion and is part of the

services

sector and

retail

industry. Shares are up 8% year to date as of the close of trading on Monday.

Target Corporation operates general merchandise stores in the United States. The company has a P/E ratio of 12.5, above the average retail industry P/E ratio of 11.9 and below the S&P 500 P/E ratio of 17.7.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

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 and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

Target Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null