Recent significant positive changes in fundamentals have benefitted Tennant Co (NYSE: TNC): the consensus estimate for December, 2025 increased significantly, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
Recent exceptional positive changes in investment behavior have benefitted Tennant Co (NYSE: TNC): the stock rose on very heavy volume, and 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
Reflecting future returns on capital that are forecasted to exceed the cost of capital, TNC is expected to continue to be a major Value Builder.
Tennant has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Tennant has a poor Appreciation Score of 29 but a good Power Rating of 85, leading to the High Neutral Value Trend Rating.
Recent Price Action
Tennant Co (NYSE: TNC) stock closed at $98.44 on 6/28/24 after a modest gain of 0.8%. Moreover, trading volume in this advance was exceptionally high at 226% of normal. The stock has risen 1.4% during the last week and has been exceptionally strong relative to the market over the last nine months.
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