Stock Rating Downgrade
Of late the Value Trend Rating for Tractor Supply Co (NASDAQ: TSCO) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 8/1/24, Tractor Supply Co (NASDAQ: TSCO) stock declined by -2.7%, closing at $256.26. However, this decline was accompanied by unusually low trading volume at 65% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -2.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, TSCO is expected to continue to be a major Value Builder.
Tractor Supply 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. Tractor Supply has a slightly negative Appreciation Score of 34 but a very high Power Rating of 87, producing the High Neutral Value Trend Rating.
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