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.
Investment analysts gave a few price targets for SKT. The most optimistic analyst gave a price target of 36.5, which equates to a potential upside of 33.55 percent. The lowest price target was 24.6, implying potential capital losses of -9.99 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. 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. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -1.31 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Over the same time period, 3 analysts revised their FY earnings estimates upwards, 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. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. 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. The current market price is above the trailing year's low by 10.6 percent, 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 will post this quarters earnings in days, on 0000-00-00.