Shares of Tennant (NYSE:TNC) have earned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $65.00.
A number of equities analysts have weighed in on the stock. Dougherty & Co restated a “neutral” rating on shares of Tennant in a research report on Sunday, November 12th. Zacks Investment Research cut shares of Tennant from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd.
In other Tennant news, insider Thomas Paulson sold 6,694 shares of the company’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $72.90, for a total transaction of $487,992.60. Following the completion of the transaction, the insider now directly owns 24,035 shares in the company, valued at $1,752,151.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.70% of the company’s stock.
Tennant (NYSE TNC) traded down $1.40 during trading hours on Friday, reaching $61.10. 117,735 shares of the company’s stock were exchanged, compared to its average volume of 128,398. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.09 and a quick ratio of 1.39. The firm has a market capitalization of $1,109.47, a PE ratio of 89.85, a PEG ratio of 2.72 and a beta of 0.91. Tennant has a 52 week low of $60.05 and a 52 week high of $76.80.
COPYRIGHT VIOLATION NOTICE: “Tennant (TNC) Given Average Recommendation of “Hold” by Brokerages” was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The correct version of this piece can be viewed at https://www.com-unik.info/2018/02/08/tennant-tnc-given-average-recommendation-of-hold-by-brokerages.html.
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.
Receive News & Ratings for Tennant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tennant and related companies with MarketBeat.com's FREE daily email newsletter.