Raymond James Reaffirms Their Buy Rating on Tractor Supply (TSCO)

In a report released today, Bobby Griffin from Raymond James maintained a Buy rating on Tractor Supply (TSCOResearch Report). The company’s shares closed last Monday at $180.94.

According to TipRanks.com, Griffin is a 5-star analyst with an average return of 31.4% and a 70.8% success rate. Griffin covers the Consumer Goods sector, focusing on stocks such as Dick’s Sporting Goods, Advance Auto Parts, and Bed Bath & Beyond.

Currently, the analyst consensus on Tractor Supply is a Moderate Buy with an average price target of $201.07, an 12.0% upside from current levels. In a report issued on July 13, Wells Fargo also reiterated a Buy rating on the stock with a $215.00 price target.

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Tractor Supply’s market cap is currently $21.78B and has a P/E ratio of 26.20. The company has a Price to Book ratio of 11.76.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TSCO in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Tractor Supply Co. engages in the retail sale of farm and ranch products. It operates retail farm & ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The firm operates the retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense. Its product categories includes equine, livestock, pet, and small animal; hardware, truck, towing, and tool; heating, lawn and garden items, power equipment, gifts, and toys; recreational clothing and footwear; and maintenance products for agricultural and rural use. The company was founded by Charles E. Schmidt, Sr. in 1938 and is headquartered in Brentwood, TN.