The leading market experts have placed a mean price target of $41.11 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 $0.61 a share for the upcoming quarter and $2.34 for the current fiscal.
The technical analysis of Tanger Factory Outlet Centers, plainly substantiates that the 50-day moving average of Tanger Factory Outlet Centers, is $40.95, and stock is trading $-0.98 points away or -2.40% from its 50-day moving average of $40.95. Further it is trading $3.15 or +8.55% away its 200-day moving average of $36.82. Tanger Factory Outlet Centers, Inc. (NYSE:SKT) 52-week high is $42.20 and the 52-week low is $29.46.
This explains if the stock moves $-2.23, it will post a 52-week high. In event of +35.68% 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 15.27.
The stock last ended the trading session at $39.97 and registered a market cap of $3.80B. 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 3.09.
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