What the Analysts are Saying – News Heater (2024)

Tractor Supply Co. (NASDAQ: TSCO) has a price-to-earnings ratio that is above its average at 25.58x. The stock has a 36-month beta value of 0.84. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 5 as “overweight,” 19 as “hold,” and 0 as “sell.”

The public float for TSCO is 107.59M, and at present, short sellers hold a 7.95% of that float. On April 25, 2024, the average trading volume of TSCO was 1.09M shares.

TSCO) stock’s latest price update

Tractor Supply Co. (NASDAQ: TSCO) has experienced a rise in its stock price by 0.85 compared to its previous closing price of 255.96. However, the company has seen a gain of 4.34% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-24 that Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.

TSCO’s Market Performance

TSCO’s stock has risen by 4.34% in the past week, with a monthly drop of -0.21% and a quarterly rise of 14.20%. The volatility ratio for the week is 2.03% while the volatility levels for the last 30 days are 1.99% for Tractor Supply Co. The simple moving average for the past 20 days is 2.28% for TSCO’s stock, with a 16.06% simple moving average for the past 200 days.

Analysts’ Opinion of TSCO

Many brokerage firms have already submitted their reports for TSCO stocks, with Telsey Advisory Group repeating the rating for TSCO by listing it as a “Outperform.” The predicted price for TSCO in the upcoming period, according to Telsey Advisory Group is $275 based on the research report published on April 19, 2024 of the current year 2024.

Mizuho, on the other hand, stated in their research note that they expect to see TSCO reach a price target of $245. The rating they have provided for TSCO stocks is “Neutral” according to the report published on March 19th, 2024.

Telsey Advisory Group gave a rating of “Outperform” to TSCO, setting the target price at $250 in the report published on February 02nd of the current year.

TSCO Trading at 3.20% from the 50-Day Moving Average

After a stumble in the market that brought TSCO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.69% of loss for the given period.

Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares surge +0.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.28% upper at present.

During the last 5 trading sessions, TSCO rose by +4.34%, which changed the moving average for the period of 200-days by +16.65% in comparison to the 20-day moving average, which settled at $252.37. In addition, Tractor Supply Co. saw 20.04% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at TSCO starting from Barton Kurt D, who sale 4,335 shares at the price of $257.00 back on Mar 15 ’24. After this action, Barton Kurt D now owns 20,678 shares of Tractor Supply Co., valued at $1,114,095 using the latest closing price.

Yankee Colin, the EVP Chief Supply Chain Officer of Tractor Supply Co., sale 8,675 shares at $250.00 during a trade that took place back on Feb 28 ’24, which means that Yankee Colin is holding 9,673 shares at $2,168,750 based on the most recent closing price.

Stock Fundamentals for TSCO

Current profitability levels for the company are sitting at:

  • 0.1 for the present operating margin
  • 0.36 for the gross margin

The net margin for Tractor Supply Co. stands at 0.08. The total capital return value is set at 0.21. Equity return is now at value 52.82, with 11.89 for asset returns.

Based on Tractor Supply Co. (TSCO), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.63. The debt to equity ratio resting at 0.98. The interest coverage ratio of the stock is 31.8.

Currently, EBITDA for the company is 1.87 billion with net debt to EBITDA at 2.48. When we switch over and look at the enterprise to sales, we see a ratio of 2.23. The receivables turnover for the company is 5914.56for trailing twelve months and the total asset turnover is 1.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.50.

Conclusion

To sum up, Tractor Supply Co. (TSCO) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

What the Analysts are Saying – News Heater (2024)

FAQs

What is the electric heating method? ›

An electric heater is an electrical device that converts an electric current into heat. The heating element inside every electric heater is an electrical resistor, and works on the principle of Joule heating: an electric current passing through a resistor will convert that electrical energy into heat energy.

Are electric heaters safe to use? ›

Electric space heaters can be used safely, but they are not the safest option for staying warm when the temperature drops. According to the National Fire Protection Association (NFPA), space heaters account for 43% of home heating fires and 85% of home heating deaths. They can also be a hazard in the workplace.

How much does it cost to switch to electric heat? ›

The total cost of switching from a gas furnace to an electric furnace can range from $2,900 to $9,500 (CAD 3,879 to CAD 12,706), depending on the above factors. Fortunately, this is a one-time expense, some of which you could recoup through lower energy bills over time.

Is electric heating cheaper than gas? ›

Gas heat is cheaper than electric (6.04p/kWh vs 24.5p/kWh respectively), however, there are other costs to consider in addition to the basic unit cost of the fuel. The cost of installation and maintenance costs vary greatly between the two.

What are the disadvantages of electric heating? ›

The disadvantages of electric heating encompass slower heating times and higher energy bills over time. For instance, an electric furnace can take a significant amount of time to power the included heating element and adequately warm the air within a home.

What is the best electric heating method? ›

Electric radiators and infrared panels are among the most efficient forms of electric heating. Ceramic electric radiators deliver an even split of convection and radiation, and infrared panels use radiation as their sole method of heat transfer.

What is the safest electric home heater? ›

While it's not recommended to leave any space heater on if you're not monitoring it, oil-filled, radiant space heaters are considered safer than ceramic convection (hot air) types, according to Roberson. Both of these options are safer than open-coil heaters.

Is it safe to sleep with an electric heater on all night? ›

Electric heaters of any type are unsafe to leave running overnight because they carry a significant amount of risk. If a space heater falls over or becomes too hot from running for too long of a period of time, that can lead to a fast-moving fire that occurs while you are asleep and cannot act fast enough.

Are electric heaters safe to leave on overnight? ›

Portable Heaters

Always plug electric space heaters directly into a wall outlet and never into an extension cord or power strip, to prevent overloading and causing a fire. Never leave portable heaters on while sleeping.

Can an electric heater run up your bill? ›

An electric space heater is small but uses a lot of energy! A 1,500-watt heater running for eight hours each night for a month can add about $43 to your electric bill.

Is it worth switching to electric heating? ›

The average lifetime of electric central heating is also something to consider, lasting up to 50% longer than gas boilers. Electric heating is also 100% efficient meaning all of the electricity you pay for and use will be converted into heat, unlike gas.

What is the biggest disadvantage to having electric heat in a home? ›

A number of disadvantages of using an electric heater in your home include: Less efficient at converting energy to heat than gas heaters. Generally more expensive to operate, though this depends on local energy costs. Take longer to heat up and to produce heat than gas heaters.

What is the cheapest way to heat a house? ›

As gas is generally cheaper than electricity – and modern gas boilers are more energy-efficient than their older counterparts – gas central heating systems are often the most cost-effective solution for heating your home. This is especially true when compared to electric heaters alone (read our gas vs.

What type of electric heater is the cheapest to run? ›

Conclusion. So, after looking at the different types of electric heaters available, due to its lower power-output, halogen heaters are the cheapest electric heaters to run.

How much does it cost to run a 1500 watt heater for 8 hours? ›

On average, you can expect to pay about 20 cents per hour to run an average space heater that's 1,500 watts and can heat a standard room. If you run it for eight hours per day, you'll pay about $1.60 per day. That comes out to just under $50 per month.

Is electric heater conduction or convection? ›

A space heater is a classic convection example. As the space heater heats the air surrounding it near the floor, the air will increase in temperature, expand, and rise to the top of the room. This forces down the cooler air so that it becomes heated, thus creating a convection current.

What are the three methods of heating? ›

Heat is transferred to and from objects -- such as you and your home -- through three processes: conduction, radiation, and convection.

Does electric heating exist? ›

Lower Maintenance Costs: Electric heating systems are generally less complex and easier to maintain compared to gas heating systems. They do not require annual inspections, flue cleaning, or the regular replacement of filters, as is often necessary with gas heating.

Is electric heat a good choice? ›

Electric heaters are roughly 99% efficient because they are in direct contact with the process fluid. On the other hand, steam systems are typically less than 85% efficient, depending on the type of fuel used.

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