Wells Fargo Believes Tractor Supply (NASDAQ: TSCO) Won’t Stop Here

Wells Fargo analyst Zachary Fadem maintained a Buy rating on Tractor Supply (TSCOResearch Report) today. The company’s shares closed yesterday at $111.11, close to its 52-week high of $113.54.

According to TipRanks.com, Fadem is a 4-star analyst with an average return of 10.3% and a 66.7% success rate. Fadem covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Floor & Decor Holdings Inc, and Advance Auto Parts.

Currently, the analyst consensus on Tractor Supply is a Strong Buy with an average price target of $115, which is a 3.5% upside from current levels. In a report issued on July 11, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $122 price target.

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Tractor Supply’s market cap is currently $13.41B and has a P/E ratio of 25.36. The company has a Price to Book ratio of 9.03.

Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock.

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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.