Tanger Factory Outlet Centers, Inc. (SKT)
NYSE: SKT · IEX Real-Time Price · USD
28.67
+0.02 (0.07%)
Apr 25, 2024, 4:00 PM EDT - Market closed
SKT Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for SKT stock have an average target of 27.25, with a low estimate of 20 and a high estimate of 33. The average target predicts a decrease of -4.95% from the current stock price of 28.67.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for SKT stock from 8 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 1 | 1 |
| Buy | 0 | 1 | 1 | 1 | 1 | 1 |
| Hold | 5 | 4 | 4 | 4 | 4 | 5 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 6 | 7 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Sell → Hold Upgrades $24 → $31 | Sell → Hold | Upgrades | $24 → $31 | +8.13% | Apr 5, 2024 |
| Citigroup | Citigroup | Hold → Strong Buy Upgrades $30 → $33 | Hold → Strong Buy | Upgrades | $30 → $33 | +15.10% | Mar 22, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $28 → $29 | Hold | Maintains | $28 → $29 | +1.15% | Feb 28, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $27 → $28 | Hold | Maintains | $27 → $28 | -2.34% | Feb 20, 2024 |
| JP Morgan | JP Morgan | Hold → Buy Upgrades $27 → $29 | Hold → Buy | Upgrades | $27 → $29 | +1.15% | Dec 18, 2023 |
Financial Forecast
Revenue This Year
501.71M
from 464.41M
Increased by 8.03%
Revenue Next Year
519.70M
from 501.71M
Increased by 3.59%
EPS This Year
0.78
from 0.92
Decreased by -15.74%
EPS Next Year
0.87
from 0.78
Increased by 11.73%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 540.5M | 558.4M |
| Avg | 501.7M | 519.7M |
| Low | 463.5M | 485.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 16.4% | 11.3% |
| Avg | 8.0% | 3.6% |
| Low | -0.2% | -3.3% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 0.87 | 1.00 |
| Avg | 0.78 | 0.87 |
| Low | 0.65 | 0.73 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | -5.3% | 28.7% |
| Avg | -15.7% | 11.7% |
| Low | -29.7% | -6.4% |
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.