Set Your Sights On Tractor Supply Co (NASDAQ: TSCO)’S Upside Potential

Tractor Supply Co (TSCO) concluded trading on Tuesday at a closing price of $54.49, with 2.0 million shares of worth about $109.01 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.06% during that period and on December 24, 2024 the price saw a gain of about 1.49%. Currently the company’s common shares owned by public are about 539.34M shares, out of which, 537.75M shares are available for trading.

Stock saw a price change of -0.98% in past 5 days and over the past one month there was a price change of -3.27%. Year-to-date (YTD), TSCO shares are showing a performance of 26.73% which increased to 28.59% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $41.80 but also hit the highest price of $61.53 during that period. The average intraday trading volume for Tractor Supply Co shares is 5.16 million. The stock is currently trading -2.49% below its 20-day simple moving average (SMA20), while that difference is down -2.82% for SMA50 and it goes to 0.01% higher than SMA200.

Tractor Supply Co (NASDAQ: TSCO) currently have 539.34M outstanding shares and institutions hold larger chunk of about 96.21% of that.

The stock has a current market capitalization of $29.83B and its 3Y-monthly beta is at 0.83. PE ratio of stock for trailing 12 months is 26.52, while it has posted earnings per share of $2.06 in the same period. Its PEG reads 3.96 and has Quick Ratio of 0.17 while making debt-to-equity ratio of 2.33. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TSCO, volatility over the week remained 2.72% while standing at 2.36% over the month.

Stock’s fiscal year EPS is expected to rise by 1.83% while it is estimated to increase by 7.11% in next year. EPS is likely to shrink at an annualized rate of 6.69% for next 5-years, compared to annual growth of 18.53% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Telsey Advisory Group on October 17, 2024 offering an Outperform rating for the stock and assigned a target price range of between $300 and $335 to it. Coverage by Evercore ISI stated Tractor Supply Co (TSCO) stock as an In-line in their note to investors on October 03, 2024, suggesting a price target of $300 for the stock. On July 26, 2024, Telsey Advisory Group Reiterated their recommendations, while on May 01, 2024, Telsey Advisory Group Reiterated their ratings for the stock with a price target of $305. Stock get an Outperform rating from Telsey Advisory Group on April 26, 2024.

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