Tractor Supply PT Raised to $80.00 (TSCO)
Investment analysts at SunTrust upped their price objective on shares of Tractor Supply (NASDAQ:TSCO) from $70.00 to $80.00 in a note issued to investors on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. SunTrust’s target price indicates a potential upside of 16.98% from the stock’s previous close.
A number of other analysts have also recently weighed in on TSCO. Analysts at UBS AG raised their price target on shares of Tractor Supply from $67.00 to $75.00 in a research note to investors on Monday, September 30th. They now have a “buy” rating on the stock. Separately, analysts at Argus raised their price target on shares of Tractor Supply 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. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Tractor Supply in a research note to investors on Friday, August 2nd. They now have a $129.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $123.75.
Tractor Supply (NASDAQ:TSCO) traded down 0.22% on Wednesday, hitting $68.39. 964,072 shares of the company’s stock traded hands. Tractor Supply has a 52 week low of $82.39 and a 52 week high of $131.48. The stock has a 50-day moving average of $122.2 and a 200-day moving average of $113.5. The company has a market cap of $9.548 billion and a price-to-earnings ratio of 32.94.
Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Wednesday, October 23rd. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.05. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. The company’s quarterly revenue was up 13.1% on a year-over-year basis. Analysts expect that Tractor Supply will post $2.24 EPS for the current fiscal year.
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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