.png "Tractor Supply (NASDAQ: TSCO)")
Wells Fargo analyst Zachary Fadem maintained a Buy rating on Tractor Supply (TSCO) today and set a price target of $115. The company’s shares opened today at $99.26.
Fadem observed:
“We have long been fans of the TSCO model (+MSD comps, white space, staples-like assortment, growing capital deployment) and believe today’s transparency adds additional comfort that NT targets are achievable and LT initiatives have legs. Thus, we would use recent tariff-driven uncertainty (-3% since 5/10 vs. -1% SPX) as an opportunity to be more involved in a growing, best-in-class operator, with a multi-year runway for continued growth. Reiterate Outperform.”
According to TipRanks.com, Fadem is a 4-star analyst with an average return of 10.4% and a 64.5% success rate. Fadem covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Floor & Decor Holdings Inc, and Advance Auto Parts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tractor Supply with a $109.50 average price target, representing a 10.3% upside. In a report released yesterday, Piper Jaffray also maintained a Buy rating on the stock with a $114 price target.
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Tractor Supply’s market cap is currently $12.15B and has a P/E ratio of 22.65. The company has a Price to Book ratio of 8.06.
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock.
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Tractor Supply Co. engages in the retail sale of farm and ranch products. It operates retail farm & ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The firm operates the retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense.
