TJX Companies (The) (TJX) Receives ‘Analyst’ Rating

TJX Companies (The) (TJX) : 16 analysts are covering TJX Companies (The) (TJX) and their average rating on the stock is 1.44, which is read as a Strong Buy. 12 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. TJX Companies (The) (TJX) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

TJX Companies (The) (TJX) : Currently there are 13 street experts covering TJX Companies (The) (TJX) stock. The most bullish and bearish price target for the stock is $92 and $75 respectively for the short term. The average price target of all the analysts comes to $83.77. The estimated standard deviation from the target is $5.05.


Also, In the latest statement by the brokerage house, Wedbush maintains its outlook on TJX Companies (The) (NYSE:TJX). The current rating of the shares is Outperform, according to the research report released by the firm. The brokerage firm raises the price target from $82 per share to $84 per share. The rating by the firm was issued on August 17, 2016.

TJX Companies (The) (NYSE:TJX): After opening at $74.09, the stock dipped to an intraday low of $73.94 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $75.22 and the buying power remained strong till the end. The stock closed at $75.04 for the day, a gain of 1.17% for the day session. The total traded volume was 4,861,972. The stocks close on the previous trading day was $74.17.

The TJX Companies, Inc. (TJX) is an off-price apparel and home fashions. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX Europe. The Marmaxx and HomeGoods business offers family apparel, home fashions, accent furniture, lamps, rugs, wall decor, decorative accessories and giftware and other merchandise. The TJX Canada offers jewelry and home fashions. TJX Europe operates the T.K. Maxx and HomeSense chains in Europe. The Company operates approximately 3,461 stores in countries, including the United States, Canada, the United Kingdom, Ireland, Germany, Poland, Austria and Australia.

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