Tennant Stock Rating Reaffirmed by Jefferies Group (TNC)
Tennant (NYSE:TNC)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Group in a report issued on Friday. They currently have a $64.00 target price on the stock, up from their previous target price of $63.00. Jefferies Group’s target price points to a potential downside of 15.21% from the company’s current price.
Separately, analysts at Dougherty & Co upgraded shares of Tennant from a “neutral” rating to a “buy” rating in a research note on Thursday, June 26th. They now have a $80.00 price target on the stock.
Shares of Tennant (NYSE:TNC) traded down 0.12% during mid-day trading on Friday, hitting $75.48. The stock had a trading volume of 116,910 shares. Tennant has a 52-week low of $50.28 and a 52-week high of $77.78. The stock has a 50-day moving average of $70.91 and a 200-day moving average of $65.81. The company has a market cap of $1.390 billion and a P/E ratio of 34.65.
Tennant (NYSE:TNC) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.07. The company had revenue of $219.10 million for the quarter, compared to the consensus estimate of $207.33 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts predict that Tennant will post $2.61 earnings per share for the current fiscal year.
Tennant Company (NYSE:TNC), designs, manufactures and markets solutions that help create a cleaner, safer, healthier world.
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