20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
During the last three months, 17 analysts shared their evaluations of Tractor Supply (NASDAQ:TSCO), revealing diverse outlooks from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 8 | 4 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 2 | 2 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 3 | 5 | 3 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $255.94, a high estimate of $285.00, and a low estimate of $235.00. This upward trend is apparent, with the current average reflecting a 7.9% increase from the previous average price target of $237.21.
Analyzing Analyst Ratings: A Detailed Breakdown
The standing of Tractor Supply among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Oliver Wintermantel | Evercore ISI Group | Lowers | Outperform | $275.00 | $280.00 |
| John Lawrence | Benchmark | Maintains | Buy | $256.00 | - |
| Scot Ciccarelli | Truist Securities | Raises | Buy | $277.00 | $256.00 |
| Oliver Wintermantel | Evercore ISI Group | Raises | Outperform | $280.00 | $270.00 |
| Zachary Fadem | Wells Fargo | Raises | Overweight | $285.00 | $250.00 |
| David Bellinger | Mizuho | Announces | Neutral | $245.00 | - |
| Matthew McClintock | Raymond James | Raises | Outperform | $250.00 | $230.00 |
| Seth Basham | Wedbush | Raises | Neutral | $235.00 | $200.00 |
| Oliver Wintermantel | Evercore ISI Group | Raises | Outperform | $250.00 | $240.00 |
| Steven Forbes | Guggenheim | Raises | Buy | $255.00 | $210.00 |
| Scot Ciccarelli | Truist Securities | Raises | Buy | $256.00 | $230.00 |
| Michael Lasser | UBS | Raises | Neutral | $240.00 | $220.00 |
| Kate McShane | Goldman Sachs | Raises | Buy | $262.00 | $230.00 |
| Joseph Feldman | Telsey Advisory Group | Raises | Outperform | $250.00 | $245.00 |
| Joseph Feldman | Telsey Advisory Group | Raises | Outperform | $245.00 | $230.00 |
| Daniel Imbro | Stephens & Co. | Announces | Equal-Weight | $240.00 | - |
| Zachary Fadem | Wells Fargo | Raises | Overweight | $250.00 | $230.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Tractor Supply. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Tractor Supply compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Tractor Supply's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Tractor Supply's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Tractor Supply analyst ratings.
All You Need to Know About Tractor Supply
Tractor Supply is the largest operator of retail farm and ranch stores in the United States. The company targets recreational farmers and ranchers and has little exposure to commercial and industrial farm operations. Currently, the company operates 2,216 of its namesake banners in 49 states, including 81 Orscheln Farm and Home stores (rebranded as Tractor Supply), along with 198 Petsense by Tractor Supply stores. Stores are generally concentrated in rural communities, as opposed to urban and suburban areas. In fiscal 2022, revenue consisted primarily of livestock and pet (50%), hardware, tools, and truck (19%), and seasonal gift and toy (21%).
Tractor Supply's Financial Performance
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Tractor Supply's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -8.65%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 6.77%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Tractor Supply's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 11.64%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Tractor Supply's ROA excels beyond industry benchmarks, reaching 2.7%. This signifies efficient management of assets and strong financial health.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 2.34, caution is advised due to increased financial risk.
Understanding the Relevance of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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