Target Corporation Shares Up 3.8% (TGT)

Shares of Target Corporation TGT are trading up 3.8% at $55.56 per share during the Wednesday afternoon trading session. The day's trading range for shares of Target Corporation has been between $54.75 and $55.85 per share. Analysts covering the company's stock give it a consensus price target of $62.05 per share. Volume of 6.2 million shares is already well above the daily average volume of 5.4 million shares. Target Corporation (TGT) released financial results on Wednesday morning. Target Corporation announced 3rd quarter earnings per share of 74 cents, on revenue of $15.61 billion. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 68 cents per share, on revenue of $15.61 billion. Chairman, president and chief executive officer Gregg Steinhafel said, “We're pleased with Target's third quarter financial performance, and we are well-positioned for the fourth quarter. We've built our holiday season plans to create excitement and provide our guests unbeatable value. In addition, our guests can save more than ever with our new 5% REDcard rewards program. Based on our merchandising and marketing plans, combined with the expected impact of REDcard rewards and our newly completed remodel program, we expect Target's fourth quarter comparable-store performance will be the best of any quarter in the last three years.” Read more from Benzinga's Company news.