Stock To Watch: Tractor Supply Company (NASDAQ:TSCO)


The leading market experts have placed a mean price target of $101.70 on Tractor Supply Company (NASDAQ:TSCO) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.00 a share for the upcoming quarter and $3.38 for the current fiscal.

Technical View

The technical analysis of Tractor Supply Company plainly substantiates that the 50-day moving average of Tractor Supply Company is $90.78, and stock is trading $-5.36 points away or -5.91% from its 50-day moving average of $90.78. Further it is trading $-4.96 or -5.49% away its 200-day moving average of $90.38. Tractor Supply Company (NASDAQ:TSCO) 52-week high is $97.25 and the 52-week low is $75.00.

This explains if the stock moves $-11.83, it will post a 52-week high. In event of +13.89% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Tractor Supply Company, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Tractor Supply Company (NASDAQ:TSCO) ratio came in at 27.40.

The stock last ended the trading session at $85.42 and registered a market cap of $11.42B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Tractor Supply Company (NASDAQ:TSCO) PEG ratio is at 1.74.

1 Chart Pattern Every Investor Should Know

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