Tesco Corp. Given “Market Perform” Rating at Cowen and Company (TESO)
Tesco Corp. (NASDAQ:TESO)‘s stock had its “market perform” rating reaffirmed by stock analysts at Cowen and Company in a report issued on Wednesday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura cut their price target on shares of Tesco Corp. from $400.00 to $370.00 in a research note to investors on Thursday, October 3rd. They now have a “neutral” rating on the stock. Separately, analysts at Macquarie cut their price target on shares of Tesco Corp. from $400.00 to $390.00 in a research note to investors on Thursday, October 3rd. They now have an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Tesco Corp. from $350.00 to $335.00 in a research note to investors on Thursday, October 3rd. They now have an “underweight” rating on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $252.67.
Shares of Tesco Corp. (NASDAQ:TESO) opened at 16.68 on Wednesday. Tesco Corp. has a 1-year low of $8.70 and a 1-year high of $17.09. The stock’s 50-day moving average is $16.3 and its 200-day moving average is $13.83. The company has a market cap of $651.3 million and a P/E ratio of 15.89.
Tesco Corp. (NASDAQ:TESO) last released its earnings data on Tuesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.07. The company had revenue of $129.00 million for the quarter, compared to the consensus estimate of $129.10 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. Analysts expect that Tesco Corp. will post $0.86 EPS for the current fiscal year.
Tesco Corporation (NASDAQ:TESO) is engaged in designing, manufacturing, and service delivery of technology based solutions for the upstream energy industry.
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