Tractor Supply Company Given Average Rating of “Buy” by Analysts (NASDAQ:TSCO)

Shares of Tractor Supply Company (NASDAQ:TSCO) have received a consensus recommendation of “Buy” from the nineteen ratings firms that are presently covering the stock, Stock Ratings News reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $74.54.

Several analysts have recently commented on the stock. Analysts at Nomura initiated coverage on shares of Tractor Supply Company in a research note on Tuesday, December 16th. They set a “buy” rating and a $89.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Tractor Supply Company in a research note on Thursday, November 13th. They now have a $78.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Tractor Supply Company in a research note on Thursday, October 23rd. They now have a $75.00 price target on the stock, up previously from $72.00.

Shares of Tractor Supply Company (NASDAQ:TSCO) opened at 78.82 on Tuesday. Tractor Supply Company has a 1-year low of $55.95 and a 1-year high of $79.69. The stock has a 50-day moving average of $76.83 and a 200-day moving average of $66.69. The company has a market cap of $10.715 billion and a P/E ratio of 31.14.

Tractor Supply Company (NASDAQ:TSCO) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.50 by $0.05. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. Analysts expect that Tractor Supply Company will post $2.61 EPS 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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