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.
A number of analysts gave price targets for SKT. The most optimistic price target was 36.5, implying a possible profit of 33.55 percent. The most pessimistic price target was 24.6, which equates to a potential downside of -9.99 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average 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. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -1.31 percent.
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. Over the same time period, 3 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.
SKT has an estimated earnings growth rate of 23.04 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, 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, but many choose to perform ratio comparisons with other companies in the industry. SKT has a PEG ratio of 0.61.
In the trailing 52-weeks, SKT hit 42.20 at the highest peak, while it's lowest trading point was 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.