Morgan Stanley Keeps a Hold Rating on Tractor Supply (TSCO)


Morgan Stanley analyst Simeon Gutman maintained a Hold rating on Tractor Supply (TSCO) today and set a price target of $115. The company’s shares closed last Monday at $101.32.

According to TipRanks.com, Gutman is a 2-star analyst with an average return of 0.0% and a 50.0% success rate. Gutman covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Floor & Decor Holdings Inc, and Advance Auto Parts.

Tractor Supply has an analyst consensus of Moderate Buy, with a price target consensus of $122.50.

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Based on Tractor Supply’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $219 million. In comparison, last year the company had a net profit of $207 million.

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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.

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