Tractor Supply PT Raised to $80.00 (TSCO)
Research analysts at Wedbush lifted their target price on shares of Tractor Supply (NASDAQ:TSCO) from $68.00 to $80.00 in a report released on Thursday, Stock Ratings News reports. The firm currently has an “outperform” rating on the stock. Wedbush’s price objective would suggest a potential upside of 8.19% from the company’s current price.
Tractor Supply (NASDAQ:TSCO) traded up 8.12% during mid-day trading on Thursday, hitting $73.942. 3,596,617 shares of the company’s stock traded hands. Tractor Supply has a 1-year low of $82.39 and a 1-year high of $131.48. The stock’s 50-day moving average is $122.2 and its 200-day moving average is $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.
In other Tractor Supply news, Director James F. Wright sold 285,862 shares of the 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link.
TSCO has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Tractor Supply from $73.00 to $79.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. 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. The company presently has a consensus rating of “Buy” and a consensus 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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