Tanger Factory Outlet Centers, Inc. (SKT)
NYSE: SKT · IEX Real-Time Price · USD
28.12
+0.15 (0.54%)
Jul 17, 2024, 4:00 PM EDT - Market closed

SKT Stock Forecast

Stock Price Forecast

The 9 analysts with 12-month price forecasts for SKT stock have an average target of 27.89, with a low estimate of 20 and a high estimate of 33. The average target predicts a decrease of -0.82% from the current stock price of 28.12.

Analyst Consensus: Buy
Target Low Average Median High
Price $20 $27.89 $28 $33
Change -28.88% -0.82% -0.43% +17.35%
* Price targets were last updated on May 17, 2024.

Analyst Ratings

The average analyst rating for SKT stock from 9 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating Feb '24Mar '24Apr '24May '24Jun '24Jul '24
Strong Buy 011222
Buy 111111
Hold 445555
Sell 111111
Strong Sell 000000
Total 678999

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Scotiabank
Scotiabank
Hold
Upgrades
$20$28
Hold Upgrades $20$28 -0.43% May 17, 2024
Compass Point
Compass Point
Strong Buy
Upgrades
$32
Strong Buy Upgrades $32 +13.80% May 2, 2024
Evercore ISI Group
Evercore ISI Group
Hold
Maintains
$29$28
Hold Maintains $29$28 -0.43% May 1, 2024
B of A Securities
B of A Securities
Hold
Upgrades
$24$31
Hold Upgrades $24$31 +10.24% Apr 5, 2024
Citigroup
Citigroup
Strong Buy
Upgrades
$30$33
Strong Buy Upgrades $30$33 +17.35% Mar 22, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
500.51M
from 464.41M
Increased by 7.77%
Revenue Next Year
518.50M
from 500.51M
Increased by 3.59%
EPS This Year
0.78
from 0.92
Decreased by -15.47%
EPS Next Year
0.87
from 0.78
Increased by 11.26%
Year 2019202020212022202320242025
Revenue
478.35M389.99M426.53M442.61M464.41M500.51M518.50M
Revenue Growth
-3.30%-18.47%9.37%3.77%4.92%7.77%3.59%
EPS
0.93-0.400.080.770.920.780.87
EPS Growth
106.67%--862.50%19.48%-15.47%11.26%
Forward PE
-----36.1632.50
No. Analysts -----55
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025
High 534.9M 559.6M
Avg 500.5M 518.5M
Low 468.4M 484.1M

Revenue Growth

Revenue Growth 20242025
High
15.2%
11.8%
Avg
7.8%
3.6%
Low
0.9%
-3.3%

EPS Forecast

EPS 20242025
High 0.87 0.97
Avg 0.78 0.87
Low 0.65 0.74

EPS Growth

EPS Growth 20242025
High
-5.3%
24.2%
Avg
-15.5%
11.3%
Low
-29.7%
-5.5%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.