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 2.4%. By the end of trading, Target fell $0.95 (-1.6%) to $57.70 on average volume. Throughout the day, 7,150,539 shares of Target exchanged hands as compared to its average daily volume of 5,924,600 shares. The stock ranged in price between $57.69-$58.60 after having opened the day at $58.56 as compared to the previous trading day's close of $58.65. Other companies within the Services sector that declined today were: China Distance Education Holdings ( DL), down 19.5%, Tessco Technologies ( TESS), down 15.3%, Kansas City Southern ( KSU), down 15.2% and China Metro-Rural Holdings ( CNR), down 12.4%.

Target Corporation operates general merchandise stores in the United States. Target has a market cap of $37.3 billion and is part of the retail industry. The company has a P/E ratio of 15.8, below the S&P 500 P/E ratio of 17.7. Shares are down 7.3% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Target a buy, 3 analysts rate it a sell, and 10 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 lackluster performance in the stock itself.

On the positive front, Watsco ( WSO.B), up 26.1%, Inuvo ( INUV), up 14.7%, Document Security Systems ( DSS), up 7.4% and YRC Worldwide ( YRCW), up 7.4% , were all gainers within the services sector with Fresh Market ( TFM) 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).

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