Investment analysts at Raymond James lifted their target price on shares of Tractor Supply (NASDAQ: TSCO) from $123.00 to $142.00 in a note issued to investors on Wednesday, StockRatingsNetwork.com reports. The firm currently has a “strong-buy” rating on the stock. Raymond James’ target price would suggest a potential upside of 19.23% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at SunTrust raised their price target on shares of Tractor Supply from $122.00 to $136.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Tractor Supply in a research note to investors on Monday. They now have a $137.00 price target on the stock, up previously from $120.00. Finally, analysts at Bank of America Corp. set a $140.00 price target on shares of Tractor Supply in a research note to investors on Wednesday, July 10th.
Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $121.20.
Tractor Supply (NASDAQ: TSCO) traded down 1.31% on Wednesday, hitting $119.10. Tractor Supply has a 52-week low of $75.46 and a 52-week high of $124.45. The stock’s 50-day moving average is currently $115.2. The company has a market cap of $8.312 billion and a price-to-earnings ratio of 31.07.
Tractor Supply (NASDAQ: TSCO) last announced its earnings results on Wednesday, April 24th. The company reported $0.62 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.62. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Tractor Supply has set its FY13 guidance at $4.38-$4.47 EPS. On average, analysts predict that Tractor Supply will post $4.45 earnings per share for the current fiscal year.
Tractor Supply Company is an operator of retail farm and ranch stores in the United States. The Company operates retail stores under the names Tractor Supply Company and Del’s Farm Supply and operate a Website under the name TractorSupply.