TJX Companies (The) (TJX) : Analyst Rating Update

TJX Companies (The) (TJX) : 19 analysts are covering TJX Companies (The) (TJX) and their average rating on the stock is 1.47, which is read as a Strong Buy. 14 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 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

TJX Companies (The) (TJX) : The highest short term price target forecast on TJX Companies (The) (TJX) is $90 and the lowest target price is $73. A total of 16 equity analysts are currently covering the company. The average price of all the analysts is $83.13 with a standard deviation of $4.22.

TJX Companies (The) (NYSE:TJX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $76.58 and $76.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $77.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $77.61, notching a gain of 1.29% for the day. The total traded volume was 3,192,274 . The stock had closed at $76.62 on the previous day.

Also, Equity analysts at the Brokerage firm Bernstein maintains its rating on TJX Companies (The) (NYSE:TJX). The rating major has initiated the coverage with outperform rating on the shares. The Analysts at Bernstein raises the price target from $82 per share to $83 per share. The rating by the firm was issued on May 18, 2016. The company shares have rallied 13.70% from its 1 Year high price. On Apr 4, 2016, the shares registered one year high at $79.20 and the one year low was seen on Nov 16, 2015. The 50-Day Moving Average price is $76.07 and the 200 Day Moving Average price is recorded at $74.33.

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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