Tennant PT Lowered to $63.00 (TNC)
Investment analysts at Jefferies Group dropped their price target on shares of Tennant (NYSE:TNC) from $67.00 to $63.00 in a note issued to investors on Wednesday, Stock Ratings News reports. Jefferies Group’s price target would indicate a potential upside of 6.74% from the stock’s previous close.
Tennant (NYSE:TNC) traded down 1.37% during mid-day trading on Wednesday, hitting $58.21. The stock had a trading volume of 149,622 shares. Tennant has a one year low of $43.88 and a one year high of $69.18. The stock’s 50-day moving average is $64.08 and its 200-day moving average is $61.95. The company has a market cap of $1.075 billion and a price-to-earnings ratio of 25.41.
Tennant (NYSE:TNC) last released its earnings data on Tuesday, February 25th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.06. The company had revenue of $195.10 million for the quarter, compared to the consensus estimate of $198.10 million. Analysts expect that Tennant will post $2.69 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, February 27th.
Tennant Company (NYSE:TNC), designs, manufactures and markets solutions that help create a cleaner, safer, healthier world.
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