Roth Mkm Reiterates Buy Rating for Tennant (NYSE:TNC)

Tennant (NYSE:TNC)‘s stock had its “buy” rating reiterated by equities research analysts at Roth Mkm in a report issued on Wednesday,Benzinga reports. They currently have a $91.00 price objective on the industrial products company’s stock, down from their prior price objective of $107.00. Roth Mkm’s target price would suggest a potential upside of 45.90% from the stock’s current price.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Tennant in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $91.00.

Tennant Trading Down 0.6%

Shares of NYSE:TNC opened at $62.37 on Wednesday. The stock’s 50-day simple moving average is $77.40 and its two-hundred day simple moving average is $78.24. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 1.57 and a beta of 1.05. Tennant has a 52-week low of $60.40 and a 52-week high of $87.72. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.39 and a current ratio of 2.05.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Salomon & Ludwin LLC bought a new stake in Tennant during the third quarter valued at about $28,000. Hantz Financial Services Inc. boosted its stake in shares of Tennant by 85.1% in the fourth quarter. Hantz Financial Services Inc. now owns 385 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 177 shares during the period. CoreCap Advisors LLC purchased a new stake in shares of Tennant during the third quarter worth about $30,000. UMB Bank n.a. raised its stake in Tennant by 1,778.6% during the 4th quarter. UMB Bank n.a. now owns 526 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 498 shares during the period. Finally, State of Wyoming bought a new stake in Tennant during the 2nd quarter valued at approximately $73,000. Institutional investors own 93.33% of the company’s stock.

Tennant News Roundup

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Roth MKM reaffirmed a “buy” on TNC and maintained a constructive view despite trimming its price target from $107 to $91, providing some analyst support under the selloff. Roth MKM rating/price target article
• Neutral Sentiment: Tennant reiterated growth ambitions for its AMR (autonomous mobile robot) business, targeting $250M in AMR revenue by 2028 — a positive long‑term growth objective but one that doesn’t offset near‑term execution concerns. Tennant targets $250M AMR revenue by 2028 (MSN)
• Negative Sentiment: Multiple law firms have launched securities‑fraud investigations into Tennant following its Feb. 23 release of FY2025 results, alleging potential misstatements about financials and operations; such probes typically increase legal risk and can pressure the stock. Glancy Prongay Wolke & Rotter investigation (BusinessWire) Pomerantz investigation (PR Newswire)
• Negative Sentiment: Sidoti cut near‑term EPS estimates (Q3/Q4 2026 and Q3/Q4 2027), signaling reduced earnings visibility and reinforcing downside pressure from weaker guidance/forecasts. Sidoti estimate cuts (MarketBeat)
• Negative Sentiment: Management flagged ERP implementation issues that reshaped the 2026 outlook and contributed to the market rout; combination of execution risk plus legal probes and analyst downgrades is driving the intraday decline. Earnings call highlights: ERP challenges (Yahoo) “Why Tennant shares are getting obliterated” analysis (Yahoo)

About Tennant

Tennant Company is a global provider of solutions that help keep facilities clean, safe and sustainable. The company designs, manufactures and markets a broad range of cleaning machines, chemicals and service programs that address the cleaning needs of customers in diverse industries, including manufacturing, warehousing, food and beverage, healthcare and education. Tennant’s product portfolio encompasses both ride-on and walk-behind floor scrubbers and sweepers, carpet extractors, power brushes, pressure washers and autonomous cleaning machines.

Founded in 1870 and headquartered in Minneapolis, Minnesota, Tennant has grown from a regional manufacturer into a multinational organization with operations in more than 70 countries and sales representation in over 100 markets worldwide.