Market News

Target (TGT) Reaches $70.21 After 4.00% Down Move; Sirios Capital Management LP Lifted Nuance Communications (NUAN) Position By $17.75 Million

Sirios Capital Management LP increased Nuance Communications Inc (NUAN) stake by 30.87% reported in 2017Q3 SEC filing. Sirios Capital Management LP acquired 1.18M shares as Nuance Communications Inc (NUAN)’s stock rose 11.20%. The Sirios Capital Management LP holds 5.02 million shares with $78.84M value, up from 3.83M last quarter. Nuance Communications Inc now has $4.96 billion valuation. The stock decreased 0.65% or $0.11 during the last trading session, reaching $16.87. About 1.35 million shares traded. Nuance Communications, Inc. (NASDAQ:NUAN) has risen 16.56% since March 21, 2017 and is uptrending. It has underperformed by 0.14% the S&P500.

The stock of Target Corporation (NYSE:TGT) is a huge mover today! The stock decreased 1.89% or $1.35 during the last trading session, reaching $70.21. About 3.34M shares traded. Target Corporation (NYSE:TGT) has declined 16.51% since March 21, 2017 and is downtrending. It has underperformed by 33.21% the S&P500.The move comes after 6 months negative chart setup for the $37.83 billion company. It was reported on Mar, 21 by We have $67.40 PT which if reached, will make NYSE:TGT worth $1.51B less.

Since September 30, 2017, it had 0 insider buys, and 2 insider sales for $176,174 activity. Tempesta Daniel David sold 6,500 shares worth $101,262. 4,682 shares were sold by Siegel Kenneth M, worth $74,912 on Friday, October 6.

Investors sentiment decreased to 0.88 in 2017 Q3. Its down 0.07, from 0.95 in 2017Q2. It dived, as 49 investors sold NUAN shares while 98 reduced holdings. 40 funds opened positions while 100 raised stakes. 201.88 million shares or 0.45% less from 202.79 million shares in 2017Q2 were reported. The Massachusetts-based Loring Wolcott And Coolidge Fiduciary Advsrs Llp Ma has invested 0% in Nuance Communications, Inc. (NASDAQ:NUAN). Sirios Cap Management Lp has 5.02 million shares for 4.13% of their portfolio. Koch Industries invested in 12,761 shares or 0.05% of the stock. 30,788 were accumulated by Regions Fin. Vident Advisory, Georgia-based fund reported 785,592 shares. Cornerstone Incorporated accumulated 178 shares or 0% of the stock. 17,074 were reported by Utd Automobile Association. France-based Natixis Asset has invested 0.01% in Nuance Communications, Inc. (NASDAQ:NUAN). Virtu Fincl Ltd Llc reported 0% in Nuance Communications, Inc. (NASDAQ:NUAN). Carroll Fincl Assoc has invested 0% in Nuance Communications, Inc. (NASDAQ:NUAN). Harvest Capital Strategies Ltd Liability Corp owns 1.5% invested in Nuance Communications, Inc. (NASDAQ:NUAN) for 500,000 shares. Wade G W & Inc has 0.51% invested in Nuance Communications, Inc. (NASDAQ:NUAN) for 267,223 shares. Aviva Pcl reported 181,363 shares. Brown Brothers Harriman & Commerce accumulated 2,366 shares or 0% of the stock. Moreover, Glenmede Trust Na has 0% invested in Nuance Communications, Inc. (NASDAQ:NUAN) for 48,094 shares.

Among 11 analysts covering Nuance Communications (NASDAQ:NUAN), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Nuance Communications had 35 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Nuance Communications, Inc. (NASDAQ:NUAN) has “Mkt Perform” rating given on Friday, August 7 by FBR Capital. Raymond James maintained the shares of NUAN in report on Wednesday, November 29 with “Buy” rating. Canaccord Genuity maintained the shares of NUAN in report on Tuesday, November 17 with “Buy” rating. The firm has “Outperform” rating given on Wednesday, September 9 by Leerink Swann. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, August 8. The rating was maintained by Stifel Nicolaus on Tuesday, November 28 with “Hold”. Barclays Capital maintained it with “Equal-Weight” rating and $19 target in Tuesday, August 9 report. Standpoint Research upgraded the stock to “Buy” rating in Monday, January 18 report. The firm has “Equal-Weight” rating given on Tuesday, July 25 by Morgan Stanley. The stock has “Strong Buy” rating by Raymond James on Wednesday, August 9.

Sirios Capital Management LP decreased Ppg Inds Inc (NYSE:PPG) stake by 96,967 shares to 237,147 valued at $25.77M in 2017Q3. It also reduced Cognizant Technology Solutio (NASDAQ:CTSH) stake by 481,955 shares and now owns 567,471 shares. Bank Of The Ozarks (NASDAQ:OZRK) was reduced too.

Among 28 analysts covering Target Corporation (NYSE:TGT), 10 have Buy rating, 3 Sell and 15 Hold. Therefore 36% are positive. Target Corporation has $95.0 highest and $4.45 lowest target. $76.08’s average target is 8.36% above currents $70.21 stock price. Target Corporation had 88 analyst reports since July 21, 2015 according to SRatingsIntel. Deutsche Bank maintained Target Corporation (NYSE:TGT) on Monday, August 17 with “Hold” rating. On Thursday, August 17 the stock rating was upgraded by M Partners to “Buy”. The stock of Target Corporation (NYSE:TGT) has “Buy” rating given on Friday, July 29 by Miller Tabak. The firm has “Hold” rating by Stifel Nicolaus given on Friday, January 20. The rating was maintained by Nomura with “Neutral” on Thursday, May 19. The company was initiated on Friday, February 10 by Susquehanna. Jefferies maintained the shares of TGT in report on Tuesday, October 3 with “Hold” rating. The stock of Target Corporation (NYSE:TGT) earned “Neutral” rating by M Partners on Thursday, November 19. The stock of Target Corporation (NYSE:TGT) has “Neutral” rating given on Thursday, November 19 by UBS. The rating was maintained by Bank of America on Friday, August 18 with “Buy”.

Target Corporation operates as a general merchandise retailer. The company has market cap of $37.83 billion. It offers household essentials, including pharmacy, beauty, personal care, baby care, cleaning, and paper products; dry grocery, dairy, frozen food, beverages, candy, snacks, deli, bakery, meat, produce, and pet supplies; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes. It has a 13.17 P/E ratio. The firm also provides home furnishings and décor, such as furniture, lighting, kitchenware, small appliances, home décor, bed and bath, home improvement, and automotive products, as well as seasonal merchandise, such as patio furniture and holiday décor; music, movies, books, computer software, sporting goods, and toys, as well as electronics, such as video game hardware and software.

Analysts await Target Corporation (NYSE:TGT) to report earnings on May, 16. They expect $1.38 earnings per share, up 14.05% or $0.17 from last year’s $1.21 per share. TGT’s profit will be $743.54M for 12.72 P/E if the $1.38 EPS becomes a reality. After $1.37 actual earnings per share reported by Target Corporation for the previous quarter, Wall Street now forecasts 0.73% EPS growth.

Leave a Reply

Your email address will not be published. Required fields are marked *