Argus Increases Tractor Supply Price Target to $84.00 (TSCO)
Equities research analysts at Argus increased their price target on shares of Tractor Supply (NASDAQ:TSCO) from $70.00 to $84.00 in a research note issued to investors on Wednesday, AmericanBankingNews.com reports. The firm currently has a “buy” rating on the stock. Argus’ price objective indicates a potential upside of 17.42% from the company’s current price.
Tractor Supply (NASDAQ:TSCO) traded down 0.98% during mid-day trading on Wednesday, hitting $71.54. The stock had a trading volume of 871,956 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 $9.982 billion and a P/E ratio of 32.98.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly 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. On average, analysts predict that Tractor Supply will post $2.28 earnings per share for the current fiscal year.
In other Tractor Supply news, CEO Gregory A. Sandfort sold 7,598 shares of Tractor Supply stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $70.00, for a total value of $531,860.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of other analysts have also recently weighed in on TSCO. Analysts at Thomson Reuters/Verus downgraded shares of Tractor Supply from a “hold” rating to a “sell” rating in a research note to investors on Monday. Separately, analysts at Wedbush raised their price target on shares of Tractor Supply from $68.00 to $80.00 in a research note to investors on Thursday, October 24th. They now have an “outperform” rating on the stock. Finally, 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, October 24th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $99.44.
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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