Tractor Supply Company Receives Consensus Recommendation of “Hold” from Brokerages (NASDAQ:TSCO)
Shares of Tractor Supply Company (NASDAQ:TSCO) have earned an average rating of “Hold” from the eighteen ratings firms that are covering the stock, AR Network reports. Eleven investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $89.64.
Tractor Supply Company (NASDAQ:TSCO) traded down 0.32% on Tuesday, hitting $62.80. The stock had a trading volume of 87,327 shares. Tractor Supply Company has a 52 week low of $54.12 and a 52 week high of $78.17. The stock has a 50-day moving average of $64.65 and a 200-day moving average of $69.1. The company has a market cap of $8.697 billion and a price-to-earnings ratio of 26.68.
Tractor Supply Company (NASDAQ:TSCO) last announced its earnings results on Wednesday, April 23rd. The company reported $0.35 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.37 by $0.02. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the company posted $0.62 earnings per share. Tractor Supply Company’s revenue was up 9.0% compared to the same quarter last year. On average, analysts predict that Tractor Supply Company will post $2.62 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley initiated coverage on shares of Tractor Supply Company in a research note on Tuesday. They set an “equal weight” rating and a $70.00 price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Tractor Supply Company in a research note on Monday, June 16th. Finally, analysts at Argus downgraded shares of Tractor Supply Company from a “buy” rating to a “hold” rating in a research note on Tuesday, May 13th. They noted that the move was a valuation call.
Tractor Supply Company is an operator of retail farm and ranch stores in the United States. It operates retail stores under the names Tractor Supply Company and Del’s Feed & Farm Supply and operates a Website under the name TractorSupply.
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