Tractor Supply Given New $75.00 Price Target at UBS AG (TSCO)
Investment analysts at UBS AG raised their target price on shares of Tractor Supply (NASDAQ:TSCO) from $67.00 to $75.00 in a note issued to investors on Monday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective points to a potential upside of 12.95% from the company’s current price.
Shares of Tractor Supply (NASDAQ:TSCO) traded up 0.18% on Monday, hitting $66.52. 265,650 shares of the company’s stock traded hands. Tractor Supply has a 52-week low of $41.195 and a 52-week high of $67.13. The stock’s 50-day moving average is $62.51 and its 200-day moving average is $57.73. The company has a market cap of $9.287 billion and a P/E ratio of 31.91.
Tractor Supply (NASDAQ:TSCO) last released its earnings data on Wednesday, July 24th. The company reported $1.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.71 by $0.04. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the company posted $1.45 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. Analysts expect that Tractor Supply will post $2.24 EPS for the current fiscal year.
TSCO has been the subject of a number of other recent research reports. Analysts at Argus raised their price target on shares of Tractor Supply (NASDAQ:TSCO) from $128.00 to $140.00 in a research note to investors on Tuesday, August 6th. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Tractor Supply (NASDAQ:TSCO) in a research note to investors on Friday, August 2nd. They now have a $129.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Tractor Supply (NASDAQ:TSCO) from $111.00 to $134.00 in a research note to investors on Friday, July 26th. They now have an “overweight” rating on the stock. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Tractor Supply presently has a consensus rating of “Buy” and a consensus price target of $127.50.
Tractor Supply Company is an operator of retail farm and ranch stores in the United States. The Company operates retail stores under the names Tractor Supply Company and Del’s Farm Supply and operate a Website under the name TractorSupply.
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