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.

Several price targets were given for SKT by the analysts covering the stock. The highest price target was 36.5, implying potential capital gains of 33.55 percent. The lowest price target was 24.6, implying potential capital losses of -9.99 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0.51 percent. 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.

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 made negative revisions. 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. It's possible to gain additional insight about growth valuation of a company by looking at the 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, 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.

SKT has a 52-week high of 42.20 and a 52-week low of 24.71. The current market price is above the trailing year's low by 10.6 percent, and 35.24 percent lower than its 52-week high. SKT has a price/earnings 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 stock has a market capitalization of $2.63 billion. SKT will post this quarters earnings in days, on 0000-00-00.