Analyst Ratings for Tennant Co. (TNC)Updated: 2017-07-28
An average rating of Hold has been given to Tennant Co. (NYSE:TNC) by analysts covering the stock. TNC had previously received a consensus rating of Hold a month ago.
A buy rating was issued by 0 analysts, 0 issued an overweight rating, 3 issued a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Investment analysts gave a few price targets for TNC. The highest price target was 65, which equates to a potential upside of -12.81 percent. The lowest price target was 63, which equates to a potential downside of -15.49 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes 0 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
The growth rate of TNC's earnings is estimated by analysts to be 19.22 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of TNC is 1.83.
In the trailing 52-weeks, TNC hit 76.80 at the highest peak, while it's lowest trading point was 60.21. The current market price is above the trailing year's low by 23.82 percent, and 2.93 percent lower than its 52-week high. TNC has a price/earnings ratio of 35.17. Investors typically compare the P/E ratio to a company's peers in the industry. The TNC value stock report compares TNC to some of its peers using value stock charts. The stock has a market capitalization of $1.32 billion. TNC's next earnings release will be on 0000-00-00, which is days away.