Target Stock Hits New 52-Week High (TGT)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Target (NYSE: TGT) hit a new 52-week high Wednesday as it is currently trading at $70.42, above its previous 52-week high of $69.92 with 638,336 shares traded as of 9:50 a.m. ET. Average volume has been 5.1 million shares over the past 30 days.

Target has a market cap of $44.32 billion and is part of the services sector and retail industry. Shares are up 17.8% year to date as of the close of trading on Tuesday.

Target Corporation operates general merchandise stores in the United States. The company has a P/E ratio of 15.3, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Target as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Target Ratings Report.

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