Tennant Co. Hits New 52-Week High at $66.68 (TNC)
Shares of Tennant (NYSE:TNC) hit a new 52-week high during mid-day trading on Monday, StockRatingsNetwork.com reports. The stock traded as high as $66.68 and last traded at $66.59, with a volume of 29,773 shares trading hands. The stock had previously closed at $65.06.
Separately, analysts at Dougherty & Co upgraded shares of Tennant from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 16th. They now have a $64.00 price target on the stock.
Tennant has a one year low of $34.79 and a one year high of $66.93. The stock has a 50-day moving average of $58.59 and a 200-day moving average of $52.31. The company has a market cap of $1.230 billion and a price-to-earnings ratio of 29.28.
Tennant (NYSE:TNC) last announced its earnings results on Thursday, July 25th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.04. The company had revenue of $200.20 million for the quarter, compared to the consensus estimate of $197.07 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. On average, analysts predict that Tennant will post $2.33 earnings per share for the current fiscal year.
Tennant Company (NYSE:TNC), designs, manufactures and markets solutions that help create a cleaner, safer, healthier world.
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