Tennant Co [NYSE: TNC] closed the trading session at $75.07. The day’s price range saw the stock hit a low of $74.48, while the highest price level was $76.09.
The stocks have a year to date performance of -7.92 percent and weekly performance of -0.31 percent. The stock has been moved at -10.68 percent over the last six months. The stock has performed -2.18 percent around the most recent 30 days and changed -11.59 percent over the most recent 3-months.
If compared to the average trading volume of 151.36K shares, TNC reached to a volume of 113620 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 Tennant Co [TNC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TNC shares is $120.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TNC stock is a recommendation set at 1.00. 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.
Northcoast have made an estimate for Tennant Co shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 19, 2024. While these analysts kept the previous recommendation, CL King raised their target price to Buy. The new note on the price target was released on December 28, 2023, representing the official price target for Tennant Co stock. Previously, the target price had yet another raise to $100, while CJS Securities analysts kept a Market Outperform rating on TNC stock.
The Average True Range (ATR) for Tennant Co is set at 1.82, with the Price to Sales ratio for TNC stock in the period of the last 12 months amounting to 1.11. The Price to Book ratio for the last quarter was 2.25, with the Price to Cash per share for the same quarter was set at 4.26. Price to Free Cash Flow for TNC in the course of the last twelve months was 23.77 with Quick ratio for the last quarter at 1.40.
TNC stock trade performance evaluation
Tennant Co [TNC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.31. With this latest performance, TNC shares dropped by -2.18% in over the last four-week period, additionally sinking by -10.68% over the last 6 months – not to mention a drop of -22.02% in the past year of trading.
Tennant Co [TNC]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Tennant Co [TNC] shares currently have an operating margin of 9.49% and a Gross Margin at 42.07%. Tennant Co’s Net Margin is presently recorded at 5.40%.
Return on Equity for this stock inclined to 5.87%, with Return on Assets sitting at 5.87%.
Tennant Co [TNC]: Institutional Ownership
There are presently around $97.27%, or 98.63%% of TNC stock, in the hands of institutional investors. The top three institutional holders of TNC stocks are: BLACKROCK INC. with ownership of 3.08 million shares, which is approximately 16.2947%. VANGUARD GROUP INC, holding 2.4 million shares of the stock with an approximate value of $$235.86 million in TNC stocks shares; and VANGUARD GROUP INC, currently with $$117.6 million in TNC stock with ownership which is approximately 6.3219%.
