Tractor Supply (NASDAQ:TSCO) Target Raised by Morgan Stanley to $145.00

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Tractor Supply stock has undergone multiple analysts rating changes in the recent past.  Tractor Supply stock Target Raised by Morgan Stanley on 7/8/2020. In a note to investors, the firm issued a new target price of $145.00. The analysts previously had $125.00 target price. Morgan Stanley’s price target would indicate a potential upside of 8.02% from the stock’s previous close.

Shares of Tractor Supply traded up $1.38 on Wednesday, reaching $135.61. 734542 shares of the stock traded hands, compared to its average volume of 1437476. Shares of Tractor Supply closed at $135.61 on Wednesday. The firm’s 50 day moving average is $118.35 and its 200 day moving average is $98.68.Tractor Supply  has a 12 month low of $63.89 and a 12 month high of $135.70. While on yearly highs and lows, Tractor Supply today has traded high as $135.70 and has touched $132.96 on the downward trend.

Tractor Supply Earnings and What to expect: 

Tractor Supply last released its quarterly earnings data on April 23rd, 2020. The specialty retailer reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.01. The firm earned $1.96 billion during the quarter, compared to the consensus estimate of $1.96 billion. Its quarterly revenue was up 7.5% compared to the same quarter last year. Tractor Supply has generated $4.68 earnings per share over the last year and currently has a price-to-earnings ratio of 28.5. Tractor Supply has confirmed that its next quarterly earnings report will be published on Thursday, July 23rd, 2020. Tractor Supply will be holding an earnings conference call on Thursday, July 23rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Earnings for Tractor Supply are expected to grow by 3.77% in the coming year, from $5.57 to $5.78 per share. The P/E ratio of Tractor Supply is 28.47, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.82. The P/E ratio of Tractor Supply is 28.47, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 48.30. Tractor Supply has a PEG Ratio of 1.94. PEG Ratios above 1 indicate that a company could be overvalued. Tractor Supply has a P/B Ratio of 10.10. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 1.50%
  • On 6/8/2020 EVP Robert D Mills Sell 14,706 at average share price of $120.29 which equates to $1,768,984.74 in money value.
  • On 5/12/2020 SVP Christi C Korzekwa Sell 17,102 at average price of  $110.00 with total value of : Not Data Available
  • On 5/11/2020 CFO Kurt D Barton Sell 12,500 at average price of  $108.01 with total value of : $1,350,125.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Tractor Supply

  • 6/24/2020 – Tractor Supply had its price target raised by analysts at Bank of America Corp from $134.00 to $140.00. They now have a “buy” rating on the stock.
  • 6/23/2020 – Tractor Supply was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/6/2020 – Tractor Supply was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/2/2020 – Tractor Supply was downgraded by analysts at Goldman Sachs Group Inc from a “buy” rating to a “neutral” rating. They now have a $122.00 price target on the stock, up previously from $104.00.
  • See More Analyst Rating at: RATING

Other rating updates by Morgan Stanley: 

  • 7/8/2020 – Daimler was given a new €48.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 7/8/2020 – Alstom was given a new €51.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 7/8/2020 – Airbus was given a new €94.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 7/8/2020 – MTU Aero Engines was given a new €124.00 price target on by analysts at Morgan Stanley. They now have a “sell” rating on the stock.
  • See More Analyst Rating at: RATING

Tractor Supply (NASDAQ:TSCO) Moving Average Technical Analysis

5 day Moving Average is $$133.61 And 5 day price change is $3.16 (2.40%)  with average volume for 5 day average is 651,570. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $128.27 and 20 day price change is $12.51 (10.22%) and average 20 day moving volume is 1,154,617. 50 day moving average is $118.35  and 50 day price change is $31.86 ( 30.91%)  and with average volume for 50 days is : 1,418,981. 200 day moving average is $98.68  and 200 day price change is $44.56 (49.30%)  and with average volume for 200 days is : 1,560,366.

See More Analyst Rating at: RATING