Alert: Positive Investment/Fundamental Signals (12/4/23)-Tennant Co (NYSE: TNC)


Tennant Co (NYSE: TNC) has recently enjoyed significant positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend.

Tennant Co (NYSE: TNC). Significant positive changes in fundamentals have recently occurred: the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

TNC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Tennant has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Tennant has a slightly negative Appreciation Score of 32 but a very high Power Rating of 92, producing the High Neutral Value Trend Rating.

Recent Price Action

Tennant Co (NYSE: TNC) stock rose modestly by 0.5% on 12/4/23. The stock closed at $87.11. Moreover, trading volume in this advance was unusually high at 158% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -1.1% during the last week.

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