Analyst Ratings for Tanger Factory Outlet Centers Inc. (SKT)

Updated: 2017-07-26

Shares of Tanger Factory Outlet Centers Inc. (NYSE:SKT) have received a consensus rating of Hold from Wall Street analysts. Last month, SKT received an average rating of Hold.

11 analysts issued ratings on the stock, where 2 gave SKT a buy rating, 0 gave an overweight rating, 7 issued a hold rating, 1 gave an underweight rating, and 1 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 2. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

Many analysts weighed in on price targets for SKT. The maximum price target given was 36.5, which equates to a potential upside of 33.55 percent. The most pessimistic price target was 24.6, implying a possible loss of -9.99 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes 0.51 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0.42 percent. If we look at the last 90 days instead, we find a net average change of -1.31 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 3 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.

Analysts estimate earnings of SKT to grow at a rate of 23.04 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. SKT has a PEG ratio of 0.61.

In the last 52-weeks, SKT has achieved a high of 42.20 and a low of 24.71. Currently the stock is 10.6 percent higher than its low, and 35.24 percent below the high. SKT has a P/E ratio of 13.94. Investors typically compare the P/E ratio to a company's peers in the industry. The SKT value stock report compares SKT to some of its peers using value stock charts. The market cap of SKT is $2.63 billion. SKT's next earnings release will be on 0000-00-00, which is days away.