Analyst Revises Tractor Supply Company (NASDAQ:TSCO) Stock Target


Tractor Supply Company (NASDAQ:TSCO) mean price target has been set at $101.040 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.730 in the near-term quarter and $3.380 for the ongoing fiscal. The market cap of Tractor Supply Company was recorded at $12.46B after the stock closed at $93.411 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Tractor Supply Company (NASDAQ:TSCO) has a P/E ratio of 30.259. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Tractor Supply Company (NASDAQ:TSCO) PEG ratio sits at 1.860. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Tractor Supply Company visibly illustrates that the 50-day MA of Tractor Supply Company is $93.690, and stock is trading -0.279 or -0.298% distant from $93.690. The 200-day MA is $89.433, and this price is $3.978 or +4.448% off from current level. Tractor Supply Company (NASDAQ:TSCO) 52-week high is $97.250 and the 52-week low is $75.000. This represents that if the stock moves $-3.839 points up on the chart to make a 52-week high. But, if it declines $+24.548%, then the shares price can hit a new 52-week low.

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