Tractor Supply Company Given Average Rating of “Buy” by Analysts (NASDAQ:TSCO)
Shares of Tractor Supply Company (NASDAQ:TSCO) have been given a consensus rating of “Buy” by the seventeen brokerages that are currently covering the company, AnalystRatingsNetwork.com reports. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $70.75.
Shares of Tractor Supply Company (NASDAQ:TSCO) opened at 61.81 on Tuesday. Tractor Supply Company has a 52 week low of $57.20 and a 52 week high of $78.17. The stock has a 50-day moving average of $62.06 and a 200-day moving average of $66.37. The company has a market cap of $8.554 billion and a P/E ratio of 25.34.
Tractor Supply Company (NASDAQ:TSCO) last announced its earnings results on Wednesday, July 23rd. The company reported $0.95 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.95. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the company posted $1.75 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Analysts expect that Tractor Supply Company will post $2.55 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 3rd. Investors of record on Monday, August 18th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Thursday, August 14th.
A number of research firms have recently commented on TSCO. Analysts at Feltl & Co. upgraded shares of Tractor Supply Company from a “hold” rating to a “buy” rating in a research note on Thursday, July 24th. Separately, 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, July 24th. Finally, analysts at Oppenheimer cut their price target on shares of Tractor Supply Company from $70.00 to $60.00 in a research note on Wednesday, July 16th. They now have a “market perform” rating on the stock.
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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