Tractor Supply Company (TSCO) PT Raised to $57.00

Tractor Supply Company (NASDAQ:TSCO) had its target price boosted by equities research analysts at Morgan Stanley from $53.00 to $57.00 in a report released on Thursday. The brokerage currently has an “equal weight” rating on the specialty retailer’s stock. Morgan Stanley’s price objective would indicate a potential downside of 11.63% from the stock’s current price.

Several other brokerages have also issued reports on TSCO. Piper Jaffray Companies reiterated a “hold” rating and issued a $57.00 target price on shares of Tractor Supply in a research report on Friday, September 29th. UBS AG lowered shares of Tractor Supply from a “buy” rating to a “neutral” rating and upped their target price for the stock from $62.00 to $67.00 in a research report on Monday, October 2nd. Robert W. Baird reiterated a “buy” rating and issued a $66.00 target price on shares of Tractor Supply in a research report on Wednesday, October 4th. Wedbush reiterated an “outperform” rating and issued a $72.00 target price (up from $65.00) on shares of Tractor Supply in a research report on Tuesday, October 3rd. Finally, BMO Capital Markets upped their target price on shares of Tractor Supply from $58.00 to $61.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 27th. Sixteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $68.05.

Tractor Supply (TSCO) traded up $1.46 on Thursday, hitting $64.50. 1,945,290 shares of the stock were exchanged, compared to its average volume of 2,212,425. The stock has a market cap of $7,950.00, a price-to-earnings ratio of 18.29, a P/E/G ratio of 1.34 and a beta of 1.28. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.00 and a quick ratio of 0.17. Tractor Supply has a 12-month low of $49.87 and a 12-month high of $78.25.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.68 billion. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.67 EPS. research analysts forecast that Tractor Supply will post 3.28 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Tractor Supply Company (TSCO) PT Raised to $57.00” was originally posted by Markets Daily and is the property of of Markets Daily. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.themarketsdaily.com/2017/11/18/tractor-supply-company-tsco-pt-raised-to-57-00.html.

Large investors have recently modified their holdings of the company. Global X MANAGEMENT CO LLC raised its stake in shares of Tractor Supply by 191.7% during the third quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock valued at $113,000 after acquiring an additional 1,173 shares during the last quarter. Commonwealth Bank of Australia raised its stake in shares of Tractor Supply by 15.4% during the second quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock valued at $128,000 after acquiring an additional 317 shares during the last quarter. Penserra Capital Management LLC bought a new position in shares of Tractor Supply during the second quarter valued at about $139,000. Bristlecone Advisors LLC bought a new position in shares of Tractor Supply during the third quarter valued at about $173,000. Finally, Bronfman E.L. Rothschild L.P. raised its stake in shares of Tractor Supply by 33.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,325 shares of the specialty retailer’s stock valued at $180,000 after acquiring an additional 828 shares during the last quarter. 92.95% of the stock is owned by hedge funds and other institutional investors.

About Tractor Supply

Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.

Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

Receive News & Ratings for Tractor Supply Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply Company and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply