Target Corp (TGT): Today's Featured Services Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Target ( TGT) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day down 1.0%. By the end of trading, Target fell $1.20 (-1.9%) to $62.73 on heavy volume. Throughout the day, 7,040,404 shares of Target exchanged hands as compared to its average daily volume of 4,487,000 shares. The stock ranged in price between $62.60-$63.99 after having opened the day at $63.95 as compared to the previous trading day's close of $63.93. Other companies within the Services sector that declined today were: FreeSeas ( FREE), down 20.6%, YuMe ( YUME), down 11.1%, Newlead Holdings ( NEWL), down 9.9% and Myriad Genetics ( MYGN), down 9.3%.

Target Corporation operates general merchandise stores in the United States. Target has a market cap of $40.7 billion and is part of the retail industry. The company has a P/E ratio of 17.3, below the S&P 500 P/E ratio of 17.7. Shares are up 8.0% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Target a buy, 2 analysts rate it a sell, and 11 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 and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Mastech Holdings ( MHH), up 17.2%, Clear Channel Outdoor Holdings ( CCO), up 15.2%, Frontline ( FRO), up 10.7% and Dolan ( DM), up 8.6% , were all gainers within the services sector with Advance Auto Parts ( AAP) being today's featured services sector leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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