13 Analysts Assess Tractor Supply: What You Need To Know
Portfolio Pulse from Benzinga Insights
Tractor Supply (NASDAQ:TSCO) has received mixed analyst ratings over the past quarter, with 13 analysts offering diverse opinions ranging from bullish to bearish. The recent ratings show a shift towards a more cautious stance, with a notable decline in the average 12-month price target to $218.85, down 6.8% from the previous average. Analysts from firms like Morgan Stanley, Truist Securities, and B of A Securities have adjusted their price targets and ratings, reflecting changes in market dynamics and company performance. Tractor Supply operates a large network of retail farm and ranch stores in the U.S. and has shown strong financial performance with a revenue growth rate of 4.32% and a net margin of 7.47%, but carries a higher debt-to-equity ratio of 2.36.
January 16, 2024 | 12:00 pm
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Tractor Supply has received a range of analyst ratings, with recent adjustments suggesting a cautious outlook. The average 12-month price target has decreased to $218.85. The company's strong financial performance is balanced by a high debt-to-equity ratio, which may concern investors.
The mixed analyst ratings and the decrease in the average price target suggest uncertainty, which could lead to a neutral short-term impact on TSCO's stock price. The company's strong financial metrics may support the stock, but the high debt-to-equity ratio could be a concern for some investors, potentially limiting any positive impact from the financial performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100