Tractor Supply Price Target Raised to $74.00 at Credit Suisse (TSCO)
Investment analysts at Credit Suisse upped their price target on shares of Tractor Supply (NASDAQ:TSCO) from $64.00 to $74.00 in a note issued to investors on Thursday, AnalystRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price objective points to a potential upside of 0.08% from the stock’s previous close.
Shares of Tractor Supply (NASDAQ:TSCO) traded up 8.12% on Thursday, hitting $73.942. The stock had a trading volume of 3,596,617 shares. Tractor Supply has a one year low of $82.39 and a one year 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 $10.324 billion and a P/E ratio of 32.86.
Tractor Supply (NASDAQ:TSCO) last released its earnings data on Wednesday, October 23rd. The company reported $0.46 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis.
In other Tractor Supply news, Director James F. Wright unloaded 285,862 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $71.28, for a total transaction of $20,376,243.36. The sale was disclosed in a document filed with the SEC, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Tractor Supply from $72.00 to $78.00 in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Tractor Supply in a research note to investors on Thursday. They now have a $75.00 price target on the stock, up previously from $66.00. Finally, analysts at Argus reiterated a “buy” rating on shares of Tractor Supply in a research note to investors on Wednesday. They now have a $140.00 price target on the stock. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $102.94.
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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