Tractor Supply PT Raised to $86.00 at UBS AG (TSCO)
Equities researchers at UBS AG increased their price objective on shares of Tractor Supply (NASDAQ:TSCO) from $77.00 to $86.00 in a research report issued on Friday, AmericanBankingNews.com reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective would suggest a potential upside of 12.13% from the company’s current price.
In other Tractor Supply news, Director James Wright sold 35,353 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $77.00, for a total value of $2,722,181.00. Following the sale, the director now directly owns 341,730 shares in the company, valued at approximately $26,313,210. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Tractor Supply in a research note to investors on Friday, November 1st. They now have a $75.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of Tractor Supply from $70.00 to $84.00 in a research note to investors on Wednesday, October 30th. They now have a “buy” rating on the stock. Finally, 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, October 28th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Tractor Supply has a consensus rating of “Buy” and an average target price of $96.75.
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.
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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