Notable positive changes in fundamentals have recently occurred for Tennant Co (NYSE: TNC): the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.
Recent notable positive changes in investment behavior have benefitted Tennant Co (NYSE: TNC): the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
TNC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Tennant has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Tennant has a poor Appreciation Score of 22 but a very high Power Rating of 88, with the Neutral Value Trend Rating the result.
Recent Price Action
Tennant Co (NYSE: TNC) stock rose modestly by 0.3% on 11/6/23. The stock closed at $82.59. The stock has risen 12.8% during the last week and has been exceptionally strong relative to the market over the last nine months.
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