Tractor Supply Co. [TSCO] stock Reiterated by Telsey Advisory Group analyst, price target now $305

Tractor Supply Co. [NASDAQ: TSCO] surged by $1.57 during the normal trading session on while it closed the day at $281.48.

Tractor Supply Co. stock has also gained 4.34% of its value over the past 7 days. However, TSCO stock has inclined by 10.88% in the 3 months of the year. Over the past six months meanwhile, it has gained 30.74% and gained 30.90% year-on date.

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The market cap for TSCO stock reached $30.35 billion, with 107.98 million shares outstanding and 107.49 million shares in the current float. Compared to the average trading volume of 1.05M shares, TSCO reached a trading volume of 1084062 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Tractor Supply Co. [TSCO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TSCO shares is $272.32 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TSCO stock is a recommendation set at 2.27. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Telsey Advisory Group have made an estimate for Tractor Supply Co. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 01, 2024. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price from $275 to $280. The new note on the price target was released on April 26, 2024, representing the official price target for Tractor Supply Co. stock. Previously, the target price had yet another raise from $250 to $275, while Telsey Advisory Group kept a Outperform rating on TSCO stock.

The Average True Range (ATR) for Tractor Supply Co. is set at 5.74, with the Price to Sales ratio for TSCO stock in the period of the last 12 months amounting to 2.07. The Price to Book ratio for the last quarter was 14.30, with the Price to Cash per share for the same quarter was set at 2.45. Price to Free Cash Flow for TSCO in the course of the last twelve months was 37.06 with Quick ratio for the last quarter at 0.19.

TSCO stock trade performance evaluation

Tractor Supply Co. [TSCO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.34. With this latest performance, TSCO shares gained by 2.54% in over the last four-week period, additionally plugging by 30.74% over the last 6 months – not to mention a rise of 29.42% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TSCO stock in for the last two-week period is set at 59.63, with the RSI for the last a single of trading hit 62.10, and the three-weeks RSI is set at 59.17 for Tractor Supply Co. [TSCO]. The present Moving Average for the last 50 days of trading for this stock 267.92, while it was recorded at 276.85 for the last single week of trading, and 232.49 for the last 200 days.

Tractor Supply Co. [TSCO]: An insightful look at the core fundamentals

Tractor Supply Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.19 and a Current Ratio set at 1.40.

Earnings per share (EPS) analysis for Tractor Supply Co. [TSCO] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TSCO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Tractor Supply Co. go to 6.23%.

Tractor Supply Co. [TSCO]: Institutional Ownership

The top three institutional holders of TSCO stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in TSCO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in TSCO stock with ownership which is approximately 5.8386%.

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