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 up 0.2%. By the end of trading, Target fell $0.75 (-1.2%) to $60.81 on average volume. Throughout the day, 5,257,241 shares of Target exchanged hands as compared to its average daily volume of 5,666,300 shares. The stock ranged in price between $60.60-$61.55 after having opened the day at $61.44 as compared to the previous trading day's close of $61.56. Other companies within the Services sector that declined today were: Best Buy ( BBY), down 28.6%, Birks Group ( BGI), down 11.4%, Newlead Holdings ( NEWL), down 11.0% and FreeSeas ( FREE), down 8.3%.

Target Corporation operates general merchandise stores in the United States. Target has a market cap of $39.0 billion and is part of the retail industry. The company has a P/E ratio of 16.6, below the S&P 500 P/E ratio of 17.7. Shares are down 2.7% year to date as of the close of trading on Wednesday. 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, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Rentrak Corporation ( RENT), up 26.6%, YRC Worldwide ( YRCW), up 21.1%, Hastings Entertainment ( HAST), up 17.4% and Rocket Fuel ( FUEL), up 13.2% , were all gainers within the services sector with Ctrip.com International ( CTRP) 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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