Tractor Supply Company Receives Consensus Rating of “Buy” from Analysts (NASDAQ:TSCO)
Tractor Supply Company (NASDAQ:TSCO) has received a consensus rating of “Buy” from the eighteen ratings firms that are covering the company, American Banking & Market News reports. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $70.33.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Tractor Supply Company in a research note on Wednesday. They now have a $65.00 price target on the stock. Separately, analysts at Avondale Partners downgraded shares of Tractor Supply Company from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Finally, 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.
Shares of Tractor Supply Company (NASDAQ:TSCO) opened at 61.75 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 $61.79 and a 200-day moving average of $66.17. The company has a market cap of $8.501 billion and a price-to-earnings ratio of 24.97.
Tractor Supply Company (NASDAQ:TSCO) last released its earnings data 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. On average, analysts predict that Tractor Supply Company will post $2.54 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 3rd. Investors of record on Monday, August 18th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Thursday, August 14th.
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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