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Tractor Supply Company (NASDAQ:TSCO) was downgraded by William Blair from an “outperform” rating to a “market perform” rating in a research note issued on Thursday, reports.

Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Deutsche Bank cut their price target on shares of Tractor Supply Company to $61.00 in a research note on Thursday. Finally, analysts at RBC Capital cut their price target on shares of Tractor Supply Company from $78.00 to $69.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $87.13.

Shares of Tractor Supply Company (NASDAQ:TSCO) opened at 57.99 on Thursday. Tractor Supply Company has a 52 week low of $58.025 and a 52 week high of $78.17. The stock’s 50-day moving average is $63.54 and its 200-day moving average is $68.14. The company has a market cap of $8.031 billion and a P/E ratio of 26.00.

Tractor Supply Company (NASDAQ:TSCO) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. On average, analysts predict that Tractor Supply Company will post $2.60 earnings per share 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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