Evaluating Tractor Supply: Insights From 26 Financial Analysts
Portfolio Pulse from Benzinga Insights
Tractor Supply (NASDAQ:TSCO) has seen varied analyst ratings over the last quarter, with a general upward trend in price targets, reflecting a positive outlook. The average 12-month price target is $269.81, marking a 6.07% increase from the previous average. Analyst actions, including upgrades and maintained ratings, suggest a bullish sentiment, despite a mix of ratings. Tractor Supply's financial performance shows strong revenue growth, net margin, ROE, and ROA, but a higher debt-to-equity ratio indicates financial risk.
May 14, 2024 | 2:00 pm
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POSITIVE IMPACT
Tractor Supply has received a mix of analyst ratings but with a generally positive trend in price targets, indicating a bullish sentiment. The company's strong financial performance and growth prospects are acknowledged, though its high debt-to-equity ratio poses a risk.
The upward revision of price targets by analysts suggests confidence in Tractor Supply's growth prospects and financial health, likely leading to positive investor sentiment in the short term. However, the high debt-to-equity ratio could be a concern for risk-averse investors, potentially moderating the positive impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100