Evaluating Tractor Supply: Insights From 26 Financial Analysts

Loading...
Loading...

Analysts' ratings for Tractor Supply TSCO over the last quarter vary from bullish to bearish, as provided by 26 analysts.

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 6 12 7 1 0
Last 30D 0 1 0 0 0
1M Ago 4 9 6 1 0
2M Ago 2 2 1 0 0
3M Ago 0 0 0 0 0

The 12-month price targets, analyzed by analysts, offer insights with an average target of $269.81, a high estimate of $305.00, and a low estimate of $234.00. This upward trend is evident, with the current average reflecting a 6.07% increase from the previous average price target of $254.36.

Diving into Analyst Ratings: An In-Depth Exploration

A clear picture of Tractor Supply's perception among financial experts is painted with a thorough analysis 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 Raises Outperform $290.00 $285.00
Christopher Horvers JP Morgan Raises Neutral $263.00 $241.00
Joseph Feldman Telsey Advisory Group Raises Outperform $305.00 $280.00
Peter Keith Piper Sandler Raises Overweight $300.00 $265.00
Max Rakhlenko TD Cowen Raises Buy $270.00 $250.00
Matthew McClintock Raymond James Raises Outperform $285.00 $250.00
Oliver Wintermantel Evercore ISI Group Raises Outperform $280.00 $275.00
Simeon Gutman Morgan Stanley Raises Underweight $235.00 $195.00
John Lawrence Benchmark Raises Buy $280.00 $256.00
Scot Ciccarelli Truist Securities Raises Buy $289.00 $277.00
Seth Basham Wedbush Raises Neutral $270.00 $235.00
Seth Sigman Barclays Raises Equal-Weight $240.00 $234.00
David Bellinger Mizuho Raises Neutral $250.00 $245.00
Justin Kleber Baird Raises Outperform $285.00 $260.00
Joseph Feldman Telsey Advisory Group Raises Outperform $280.00 $275.00
Joseph Feldman Telsey Advisory Group Maintains Outperform $275.00 $275.00
Seth Basham Wedbush Maintains Neutral $235.00 -
John Lawrence Benchmark Maintains Buy $256.00 -
Joseph Feldman Telsey Advisory Group Raises Outperform $275.00 $250.00
Seth Sigman Barclays Raises Equal-Weight $234.00 $192.00
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 -

Key Insights:

  • Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Tractor Supply. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, 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.

Discovering Tractor Supply: A Closer Look

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 2,233 of its namesake banners in 49 states, including 81 Orscheln Farm and Home stores (rebranded as Tractor Supply), along with 202 Petsense by Tractor Supply stores. Stores are generally concentrated in rural communities, as opposed to urban and suburban areas. In fiscal 2023, revenue consisted primarily of livestock, equine & agriculture (27%), companion animal (25%), and seasonal & recreation (22%).

Tractor Supply: Financial Performance Dissected

Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.

Positive Revenue Trend: Examining Tractor Supply's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 2.9% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.

Net Margin: Tractor Supply's net margin excels beyond industry benchmarks, reaching 5.84%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Tractor Supply's ROE stands out, surpassing industry averages. With an impressive ROE of 9.27%, the company demonstrates effective use of equity capital and strong financial performance.

Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.11%, the company showcases effective utilization of assets.

Debt Management: Tractor Supply's debt-to-equity ratio is notably higher than the industry average. With a ratio of 2.39, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.

The Basics of Analyst Ratings

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst RatingsBZI-AAR
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...