Why Tractor Supply Company (NASDAQ:TSCO) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $101.70 on Tractor Supply Company (NASDAQ:TSCO) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.38 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Tractor Supply Company (NASDAQ:TSCO) stands at 27.28.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Tractor Supply Company, the PEG ratio for coming 3-5 years is 1.70.

Technical Analysis

The technical analysis highlights that Tractor Supply Company current is trading $-2.60 points away or -2.97% from its 50-day moving average of $87.66. Further it is trading $-5.31 or -5.88% away its 200-day moving average of $90.37.

The 52-week high of Tractor Supply Company (NASDAQ:TSCO) was $97.25 while lowest point recorded in 52-week was $78.05. It implies if stock price makes a movement of over $-12.19, it will record a new 52-week high. In the case of +8.98% drop, it will touch a new 52-week low.

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