Tanger Factory Outlet Centers, Inc. (SKT) Stock Forecast & Predictions

Tanger Factory Outlet Centers, Inc. SKT: $16.73

3200 Northline Ave Ste 360, Greensboro, North Carolina, US. | Sector: Finance and Insurance | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: https://www.tangeroutlet.com/

  • Market Cap$1.66B
  • Change (52 Weeks)237.66%
  • Low (52 Weeks)$4.81
  • Tanger Factory Outlet Centers, Inc. (SKT) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, Tanger Factory Outlet Centers, Inc. (SKT) stock price is $16.73 and the 52 weeks low is $4.81, which means the Tanger Factory Outlet Centers, Inc. stock price is up 237.66% in the last 12 months.

    Tanger Factory Outlet Centers, Inc. (SKT) Stock Price has been Trending Strongly with an ADX reading of 52.17 as per the Weekly Chart.

    A Upward trend indicates that Tanger Factory Outlet Centers, Inc. (SKT) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that SKT Stock price might rise further, 18.75% indicating that SKT Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall SKT stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Tanger Factory Outlet Centers, Inc. (SKT) Stock Forecast By Analysts


    Strong Sell
    Analysts Recommendations for Tanger Factory Outlet Centers, Inc. (SKT) is based on 15 Institutional Analyst Ratings where 0.00% are on Strong Buy, 0.00% on Moderate Buy, 33.33% remains on Hold, 6.67% are on Moderate Sell and 60.00% are on Strong Sell.

    Out of 15 Institutional Analysts, majority recommended SKT stock as Strong Sell. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Tanger Factory Outlet Centers, Inc..

    Tanger Factory Outlet Centers, Inc. (SKT) Stock Price Prediction By Analysts


    HighLowAverage
    $16.28$11.11$13.85
    $13.8517.18% Downside
    Updated: 2021-04-22 00:00:00

    The Average Price target for SKT set by the institutional analysts is $13.85 where High Estimate is $16.28, Median $14.025 and Low $11.11.

    The average price target for SKT by Institutional Analysts is $13.85, which is 17.18% Downside from the current price. So according to the Institutional Analysts, SKT Stock might be a bit overvalued at this stage and there’s potential for downside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Tanger Factory Outlet Centers, Inc. (SKT) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Goldman SachsSellDowngraded
    KeyBancSector WeightUpgraded
    Goldman SachsNeutralReiterated
    JP MorganUnderweightMaintained
    Compass PointSellInitiated
    CitigroupNeutralMaintained
    KeyBancUnderweightMaintained
    B of A SecuritiesUnderperformDowngraded
    KeyBancUnderweightMaintained
    KeyBancUnderweightMaintained
    Goldman SachsSellDowngraded
    Boenning & ScattergoodOutperformInitiated
    JP MorganUnderweightDowngraded
    CitigroupNeutralMaintained
    KeyBancUnderweightDowngraded
    Evercore ISI GroupUnderperformDowngraded
    CitigroupSellMaintained
    Bank of AmericaNeutralUpgraded
    Boenning & ScattergoodNeutralUpgraded
    Evercore ISI GroupIn-LineDowngraded
    Bank of AmericaUnderperformDowngraded
    JefferiesHoldDowngraded
    JefferiesBuyUpgraded
    CitigroupSellDowngraded
    Hilliard LyonsBuyUpgraded
    Goldman SachsNeutralDowngraded
    UBSNeutralMaintained
    CitigroupNeutralMaintained
    CitigroupNeutralDowngraded
    CitigroupBuyUpgraded
    JefferiesHoldMaintained
    Boenning & ScattergoodUnderperformInitiated
    Hilliard LyonsNeutralDowngraded
    Evercore ISI GroupHoldMaintained
    Hilliard LyonsBuyUpgraded
    KeyBancUpgraded
    CitigroupNeutralMaintained
    CitigroupNeutralMaintained
    Evercore ISI GroupHoldDowngraded
    Stifel NicolausHoldDowngraded
    JP MorganNeutralMaintained
    JefferiesHoldMaintained
    ISI GroupBuyUpgraded
    UBSNeutralDowngraded
    JP MorganNeutralMaintained
    JefferiesHoldDowngraded
    Bank of AmericaNeutralDowngraded
    Stifel NicolausBuyUpgraded
    Goldman SachsNeutralUpgraded
    JefferiesBuyMaintained
    JP MorganNeutralMaintained
    JefferiesBuyMaintained
    JP MorganNeutralMaintained
    Goldman SachsSellDowngraded
    JefferiesBuyUpgraded
    JP MorganNeutralMaintained
    CitigroupNeutralMaintained
    KeyBancUnderweightMaintained
    JefferiesHoldMaintained
    JP MorganNeutralMaintained
    ISI GroupHoldMaintained
    UBSBuyUpgraded
    ISI GroupHoldMaintained

    Tanger Factory Outlet Centers, Inc. (SKT) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.025
    The average consensus EPS for SKT is $0.025 with a high estimate of $0.053 and Low of $-0.020 for the period 2021-06-30 and based on 6 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.14$-0.0479750000000000042020-09-30


    The latest average Earning Per Share Estimate for Tanger Factory Outlet Centers, Inc. is $0.03, which is lower than SKT's last EPS, $0.14. This means that Analysts are expecting Tanger Factory Outlet Centers, Inc. to report lower earnings. This can drive share prices lower since the investors have negative sentiment about market performance of Tanger Factory Outlet Centers, Inc..

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.14$-0.0479750000000000042020-09-30
    $-0.25$-0.02693672020-06-30
    $0.17$0.1792752020-03-31
    $-0.13$0.22222019-12-31
    $0.25$0.23232019-09-30
    $0.24$0.23903672019-06-30
    $0.22$0.68175000000000012019-03-31
    $0.21$0.26262018-12-31
    $0.28$0.24576332018-09-30
    $0.24$0.23903672018-06-30
    $0.24$0.234322018-03-31
    $0.33$0.277750000000000052017-12-31
    $0.21$-0.106049999999999992017-09-30
    $0.31$0.239874999999999982017-06-30
    $0.24$0.227252017-03-31
    $0.25$0.2651252016-12-31
    $0.72$0.2600752016-09-30
    $0.23$0.23232016-06-30
    $0.28$0.27272016-03-31
    $1.13$0.237349999999999982015-12-31
    $0.46$0.257552015-09-30
    $0.26$0.22222015-06-30
    $0.22$0.19526332015-03-31
    $0.18$0.209574999999999982014-12-31
    $0.24$0.22222014-09-30
    $0.2$0.176752014-06-30
    $0.15$0.16496332014-03-31
    $0.23$0.23232013-12-31
    $0.27$0.205363300000000032013-09-30
    $0.18$0.16833672013-06-30
    $0.16$0.148136699999999982013-03-31
    $0.19$0.18516332012-12-31
    $0.16$0.154863299999999982012-09-30
    $0.12$0.11783672012-06-30
    $0.09$0.09763672012-03-31
    $0.15$0.171700000000000022011-12-31
    $0.15$0.16496332011-09-30
    $0.12$0.126252011-06-30
    $0.12$0.143086699999999982011-03-31
    $0.15$0.11951332010-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).