Nomura Securities Reiterates a 'Buy' on Tractor Supply (TSCO); Q4 Review
Tweet
Share
E-mailGet Alerts TSCO Hot Sheet
Price: $34.92 -2.54%
Rating Summary:
25 Buy, 18 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Rating Summary:
25 Buy, 18 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Join SI Premium – FREE
Nomura Securities reiterates a 'Buy' on Tractor Supply Company (NASDAQ: TSCO) price target of $89.00.
Analyst, Aram Rubinson, said, "TSCO reported FQ4/11 EPS $0.96, slightly ahead of last month’s pre-announcement and our $0.95 estimate. Results were solid, but gross margins were a little worse while SG&A was a little better. Overall, our EPS estimates are unchanged at $3.65 and $4.40 for F2012 and F2013, respectively. Guidance was not explosive, as the company remains conservative at the outset of each year. Recall, last year it guided for +14% EPS growth. It delivered +34%. TSCO provided similar guidance (+14%) for 2012. We expect it to outperform this year’s goal as well. TSCO is hosting an Analyst Day in Tennessee on February 28. We continue to recommend the shares with a price target of $89 (unchanged), based on 9-10x our F2013 EBITDA estimate of $596mn. A DCF of TSCO’s 2015 potential adds further support to that target."
For an analyst ratings summary and ratings history on Tractor Supply Company click here. For more ratings news on Tractor Supply Company click here.
Shares of Tractor Supply Company closed at $81.79 yesterday.
Analyst, Aram Rubinson, said, "TSCO reported FQ4/11 EPS $0.96, slightly ahead of last month’s pre-announcement and our $0.95 estimate. Results were solid, but gross margins were a little worse while SG&A was a little better. Overall, our EPS estimates are unchanged at $3.65 and $4.40 for F2012 and F2013, respectively. Guidance was not explosive, as the company remains conservative at the outset of each year. Recall, last year it guided for +14% EPS growth. It delivered +34%. TSCO provided similar guidance (+14%) for 2012. We expect it to outperform this year’s goal as well. TSCO is hosting an Analyst Day in Tennessee on February 28. We continue to recommend the shares with a price target of $89 (unchanged), based on 9-10x our F2013 EBITDA estimate of $596mn. A DCF of TSCO’s 2015 potential adds further support to that target."
For an analyst ratings summary and ratings history on Tractor Supply Company click here. For more ratings news on Tractor Supply Company click here.
Shares of Tractor Supply Company closed at $81.79 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tractor Supply (TSCO) files mixed shelf
- Freedom Broker Upgrades PrimeEnergy Resource (PNRG) to Hold
- Candel Therapeutics Inc. (CADL) PT Raised to $15 at Freedom Broker
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
NomuraSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
