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Tractor Supply Company (NASDAQ:TSCO)’s share price reached a new 52-week low on Thursday after Telsey Advisory Group lowered their price target on the stock from $79.00 to $74.00, Analyst Ratings Network.com reports. Telsey Advisory Group currently has a not rated rating on the stock. Tractor Supply Company traded as low as $57.20 and last traded at $59.89, with a volume of 6,391,742 shares traded. The stock had previously closed at $61.38.

Several other analysts have also recently commented on the stock. Analysts at William Blair downgraded shares of Tractor Supply Company from an “outperform” rating to a “market perform” rating in a research note on Thursday. Separately, analysts at Morgan Stanley upgraded shares of Tractor Supply Company from an “equal weight” rating to an “outperform” rating in a research note on Thursday. They now have a $65.00 price target on the stock, down previously from $70.00. Finally, analysts at Deutsche Bank cut their price target on shares of Tractor Supply Company from $65.00 to $61.00 in a research note on Thursday. They now have a “hold” rating on the stock. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $85.69.

The stock has a 50-day moving average of $63.54 and a 200-day moving average of $68.14. The company has a market cap of $8.246 billion and a price-to-earnings ratio of 26.00.

Tractor Supply Company (NASDAQ:TSCO) last posted its quarterly 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. Analysts expect that Tractor Supply Company will post $2.60 EPS for the current fiscal year.

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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