News headlines about Tennant (NYSE:TNC) have been trending positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tennant earned a coverage optimism score of 0.30 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 46.2539720556483 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
TNC has been the topic of several research reports. Zacks Investment Research upgraded Tennant from a “strong sell” rating to a “hold” rating in a research note on Saturday, January 13th. Dougherty & Co restated a “neutral” rating on shares of Tennant in a research note on Sunday, November 12th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $65.00.
Shares of Tennant (NYSE TNC) opened at $72.50 on Friday. The company has a market capitalization of $1,278.17, a P/E ratio of 106.62, a price-to-earnings-growth ratio of 3.13 and a beta of 1.04. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.09 and a quick ratio of 1.39. Tennant has a 12 month low of $60.05 and a 12 month high of $76.80.
In other news, insider Thomas Paulson sold 6,694 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $72.90, for a total transaction of $487,992.60. Following the sale, the insider now owns 24,035 shares in the company, valued at approximately $1,752,151.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 5.70% of the company’s stock.
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Tennant Company Profile
Tennant Company is engaged in designing, manufacturing and marketing of cleaning solutions. The Company’s segments are Americas; Europe, Middle East, Africa, and Asia Pacific. The Company offers a range of products, including floor maintenance and outdoor cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, specialty surface coatings and asset management solutions.
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