J.P. Morgan analyst Michael Mueller maintained a Sell rating on Tanger Factory (NYSE:SKT) on Monday, setting a price target of $20, which is approximately 1.28% below the present share price of $20.26.
Mueller expects Tanger Factory to post earnings per share (EPS) of -$0.11 for the fourth quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Hold rating of shares in Tanger Factory, with an average price target of $19.83.
The analysts price targets range from a high of $23 to a low of $14.5.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $112.47 million and a net profit of $33.52 million. The company's market cap is $2.11 billion.
According to TipRanks.com, J.P. Morgan analyst Michael Mueller is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 1.6% and a 58.27% 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.