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.
Several price targets were given for TNC by the analysts covering the stock. The most optimistic analyst gave a price target of 65, which equates to a potential upside of -12.81 percent. The most pessimistic analyst gave a price target of 63, implying potential capital losses of -15.49 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is 0 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 0 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.
Analysts estimate earnings of TNC to grow at a rate of 19.22 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. TNC has a PEG ratio of 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 P/E 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 market cap of TNC is $1.32 billion. TNC's next earnings release will be on 0000-00-00, which is days away.