Tractor Supply PT Raised to $79.00 at RBC Capital (TSCO)
Investment analysts at RBC Capital lifted their target price on shares of Tractor Supply (NASDAQ:TSCO) from $73.00 to $79.00 in a note issued to investors on Thursday, AR Network reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price indicates a potential upside of 6.84% from the company’s current price.
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 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 issued its quarterly earnings data 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Tractor Supply from $67.00 to $78.00 in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $102.94.
In other Tractor Supply news, Director James F. Wright unloaded 285,862 shares of Tractor Supply stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $71.28, for a total value of $20,376,243.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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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