Evercore ISI analyst Samir Khanal maintained a Sell rating on Tanger Factory (NYSE:SKT) on Friday, setting a price target of $16, which is approximately 9.04% below the present share price of $17.59.
Khanal expects Tanger Factory to post earnings per share (EPS) of $0.00 for the second quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Sell rating of shares in Tanger Factory, with an average price target of $14.
The analysts price targets range from a high of $16 to a low of $12.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $111.16 million and a net profit of $34.43 million. The company's market cap is $1.77 billion.
According to TipRanks.com, Evercore ISI analyst Samir Khanal is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of 0.1% and a 57.14% success rate.
Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust. It focuses on developing, acquiring, owning, operating and managing outlet shopping centers. The company was founded by Stanley K. Tanger in 1981 and is headquartered in Greensboro, NC.