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 highest price target was 36.5, implying potential capital gains of 33.55 percent. The minimum price target given was 24.6, implying potential capital losses of -9.99 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

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. Meanwhile, fiscal year estimates have been revised upwards by 0.42 percent, compared to last month. 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. Over the past month, 2 analysts increased their quarterly estimates, 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 made negative revisions to their fiscal year's estimates.

The growth rate of SKT's earnings is estimated by analysts to be 23.04 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. 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. Currently the stock is 10.6 percent higher than its low, and 35.24 percent lower than its 52-week 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 stock has a market capitalization of $2.63 billion. SKT's next earnings release will be on 0000-00-00, which is days away.