Key Takeaways From Tractor Supply Analyst Ratings
Portfolio Pulse from Benzinga Insights
Tractor Supply (NASDAQ:TSCO) has been evaluated by 14 analysts over the last three months, showing a diverse range of opinions. Recent updates include raised price targets and ratings adjustments, reflecting a positive shift in sentiment. The average 12-month price target is now $243.07, up 8.03% from the previous $225.00. Despite a -8.65% decline in revenue growth as of December 31, 2023, Tractor Supply maintains strong profitability indicators such as a net margin of 6.77% and an ROE of 11.64%. However, its debt-to-equity ratio of 2.34 raises concerns about financial leverage.
March 19, 2024 | 5:01 pm
News sentiment analysis
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POSITIVE IMPACT
Tractor Supply has seen a positive shift in analyst sentiment, with an increased average price target and adjustments in ratings. Despite a recent revenue decline, profitability metrics remain strong.
The positive shift in analyst sentiment, evidenced by raised price targets and ratings, suggests a bullish outlook for TSCO in the short term. However, the recent revenue decline could temper gains, making the overall impact moderately positive. The strong profitability indicators such as net margin and ROE support the company's financial health, potentially offsetting concerns about its high debt-to-equity ratio.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100