Market Overview

UPDATE: Goldman Sachs Raises PT to $105 on Tractor Supply Ahead of Earnings and Guidance

Share:
Related TSCO
This Chart Shows Why Home Depot And Lowe's Shareholders Should Be Optimistic About Earnings
Earnings Scheduled For April 20, 2016

Goldman Sachs reiterated its Neutral rating on Tractor Supply (NASDAQ: TSCO) and raised the price target from $100.00 to $105.00.

Goldman Sachs noted, "We expect realistic sales guidance against a tough 1Q compare (TSCO benefited from warm weather in 1Q12); our forecast is well below the Street, but we think this issue is understood. Bottom line, we expected 15%-20% EPS growth (16% single point), strong vs. retail, but below the 32% CAGR from 2009-2012E, a dynamic likely reflected in a relative multiple that has compressed from long-run peaks."

Tractor Supply closed at $94.74 on Monday.

Latest Ratings for TSCO

DateFirmActionFromTo
Apr 2016Goldman SachsMaintainsNeutral
Apr 2016UBSMaintainsBuy
Apr 2016Goldman SachsMaintainsNeutral

View More Analyst Ratings for TSCO
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Price Target Analyst Ratings

 

Related Articles (TSCO)

View Comments and Join the Discussion!