Tractor Supply Price Target Raised to $78.00 at JPMorgan Chase & Co. (TSCO)
Equities research analysts at JPMorgan Chase & Co. boosted their price objective on shares of Tractor Supply (NASDAQ:TSCO) from $67.00 to $78.00 in a research note issued to investors on Thursday, American Banking News.com reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 5.49% from the stock’s previous close.
In other Tractor Supply news, Director James F. Wright sold 285,862 shares of the company’s stock on the open market in a transaction dated Thursday, October 24th. The stock was sold at an average price of $71.28, for a total value of $20,376,243.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Tractor Supply (NASDAQ:TSCO) traded up 8.12% during mid-day trading on Thursday, hitting $73.942. The stock had a trading volume of 3,596,617 shares. 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 $10.324 billion and a price-to-earnings ratio of 32.86.
Tractor Supply (NASDAQ:TSCO) last announced its earnings results 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.
A number of other analysts have also recently weighed in on TSCO. Analysts at Credit Suisse raised their price target on shares of Tractor Supply from $64.00 to $74.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target 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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