Assessing Tractor Supply: Insights From 21 Financial Analysts
Portfolio Pulse from Benzinga Insights
Tractor Supply (NASDAQ:TSCO) has been analyzed by 21 financial analysts over the past three months, showing a range of sentiments from bullish to bearish. The average 12-month price target has increased to $275.14 from $260.90. Analysts have recently adjusted their ratings and price targets, reflecting their evolving views on the company's performance. Tractor Supply has shown strong financial metrics, including revenue growth, net margin, ROE, and ROA, but faces challenges with a high debt-to-equity ratio.
July 19, 2024 | 3:00 pm
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Tractor Supply has received mixed analyst ratings, with a recent increase in the average 12-month price target to $275.14. The company shows strong financial performance but faces challenges with high debt levels.
The increase in the average price target and the majority of analysts maintaining or raising their ratings suggest a positive short-term outlook for TSCO. However, the high debt-to-equity ratio could pose a risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100