Stock Rating Upgrade
Recently the Value Trend Rating for Tractor Supply Co (NASDAQ: TSCO) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 6/7/24, Tractor Supply Co (NASDAQ: TSCO) stock rose modestly by 0.4%, closing at $270.93. This advance was accompanied by normal trading volume. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -3.5% 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 B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Tractor Supply has a neutral Appreciation Score of 44 but a very high Power Rating of 93, triggering the Positive Value Trend Rating.
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