The leading market experts have placed a mean price target of $38.90 on Tanger Factory Outlet Centers, Inc. (NYSE:SKT) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.59 a share for the upcoming quarter and $2.32 for the current fiscal. Technical View The technical analysis of Tanger Factory Outlet Centers, plainly substantiates that the 50-day moving average of Tanger Factory Outlet Centers, is $37.65, and stock is hovering 3.89 or +10.32% distant from $37.65. It is noted that the 200-day MA is $34.93, and Tanger Factory Outlet Centers, stock is $6.61 or +18.92% off from this point. Tanger Factory Outlet Centers, Inc. (NYSE:SKT) 52-week high is $41.62 and the 52-week low is $29.46. This explains if the stock moves $-0.08, it will post a 52-week high. In event of $+41.00% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Tanger Factory Outlet Centers, , shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Tanger Factory Outlet Centers, Inc. (NYSE:SKT) ratio came in at 19.60. The stock last ended the trading session at $41.54 and registered a market cap of $3.94B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Tanger Factory Outlet Centers, Inc. (NYSE:SKT) PEG ratio is at 3.35.
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