In-Depth Examination Of 5 Analyst Recommendations For Tanger
Portfolio Pulse from Benzinga Insights
Recent analyst ratings for Tanger (NYSE:SKT) show a mix of perspectives, with an average 12-month price target of $29.8, indicating a 7.97% increase from the previous target. The ratings reflect adjustments based on market conditions and company performance, with actions ranging from 'Lowers' to 'Raises'. Tanger's financial performance includes a revenue growth rate of 9.46%, a net margin of 18.4%, and an ROE of 4.44%, despite challenges in debt management and asset utilization.
May 01, 2024 | 4:00 pm
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POSITIVE IMPACT
Tanger's mixed analyst ratings and upward revision in price targets reflect cautious optimism. The company's solid revenue growth and ROE are positive, but debt management and asset utilization pose challenges.
The upward revision in Tanger's price target suggests analysts see potential for growth, influenced by its revenue performance and ROE. However, the concerns over debt and asset utilization may temper short-term gains, making the outlook cautiously optimistic.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100