NEW YORK (TheStreet) -- Shares of Target Corp. are higher by 0.35% to $82.38 in late-morning trading on Thursday, following yesterday's announcement that the retail giant has set an official date for its planned Canadian business exit. Target said it will complete its inventory liquidation efforts and close the last of its 133 Canadian retail stores to the public on April 12. "We are pleased with the results of the liquidation sales to date and the speed at which we have moved through the wind-down process. We want to once again thank all Target Canada team members for their hard work and great adaptability through this process. The court-approved real estate sales process is underway and is expected to be completed by the end of June 2015," Target Canada CEO Aaron Alt said in a statement. In January Target announced its plan to leave the Canadian market as it couldn't find a way to keep from losing money there before at least 2021, CBSnews.com reports, adding that expensive regulations, empty shelves, and customer complaints regarding prices were chief among the problems plaguing Target's Canada business. Separately, TheStreet Ratings team rates TARGET CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation: "We rate TARGET CORP (TGT) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income." Highlights from the analysis by TheStreet Ratings Team goes as follows: Powered by its strong earnings growth of 83.95% and other important driving factors, this stock has surged by 35.87% over the past year, outperforming the rise in the S&P 500 Index during the same period. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year. TARGET CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, TARGET CORP increased its bottom line by earning $3.84 versus $3.07 in the prior year. This year, the market expects an improvement in earnings ($4.55 versus $3.84). Despite its growing revenue, the company underperformed as compared with the industry average of 2.3%. Since the same quarter one year prior, revenues slightly increased by 1.1%. Growth in the company's revenue appears to have helped boost the earnings per share. Net operating cash flow has increased to $2,389.00 million or 35.20% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 24.58%. You can view the full analysis from the report here: TGT Ratings Report Must Read: Warren Buffett's Top 25 Stocks for 2015
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