Brokerage Firm Rating Update on TJX Companies (The) (TJX)

TJX Companies (The) (TJX) : 16 analysts are covering TJX Companies (The) (TJX) and their average rating on the stock is 1.44, which is read as a Strong Buy. 12 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. TJX Companies (The) (TJX) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

TJX Companies (The) (TJX) : 13 investment research analysts covering TJX Companies (The) (TJX) have an average price target of $83.77 for the near short term. The highest target price given by the Brokerage Firm to the stock is $92 and the lowest target is $75 for the short term. Analysts expect the variance to be within $5.05 of the average price.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Wedbush, maintains their rating on the shares of TJX Companies (The) (NYSE:TJX). Wedbush has a Outperform rating on the shares. As per the latest research report, the brokerage house raises the price target to $84 per share from a prior target of $82. The rating by the firm was issued on August 17, 2016.

TJX Companies (The) (NYSE:TJX): The stock opened at $77.34 and touched an intraday high of $77.779 on Wednesday. During the day, the stock corrected to an intraday low of $77.17, however, the bulls stepped in and pushed the price higher to close in the green at $77.55 with a gain of 0.27% for the day. The total traded volume for the day was 2,846,227. The stock had closed at $77.34 in the previous trading session.

The TJX Companies, Inc. (TJX) is an off-price apparel and home fashions. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX Europe. The Marmaxx and HomeGoods business offers family apparel, home fashions, accent furniture, lamps, rugs, wall decor, decorative accessories and giftware and other merchandise. The TJX Canada offers jewelry and home fashions. TJX Europe operates the T.K. Maxx and HomeSense chains in Europe. The Company operates approximately 3,461 stores in countries, including the United States, Canada, the United Kingdom, Ireland, Germany, Poland, Austria and Australia.

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