Tennant Company – Consensus Indicates Potential 33.1% Upside

Broker Ratings

Tennant Company with ticker code (TNC) have now 3 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 98 and 82 with the average target price sitting at $87.67. Given that the stocks previous close was at $65.88 this would imply there is now a potential upside of 33.1%. The 50 day MA is $68.38 while the 200 day moving average is $63.27. The market cap for the company is $1,222m. Company Website: https://www.tennantco.com

The potential market cap would be $1,626m based on the market consensus.

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Tennant Company, together with its subsidiaries, designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a suite of products, including floor maintenance and cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, and asset management solutions. It also provides business solutions, such as financing, rental, and leasing programs, as well as machine-to-machine asset management solutions. The company offers its products under the Tennant, Nobles, Alfa Uma Empresa Tennant, IRIS, IPC, VLX, Gaomei, and Rongen brands, as well as private-label brands. Its products are used in retail establishments and distribution centers; factories and warehouses; and public venues, such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, parking lots and streets, and other environments. It markets its products to contract cleaners and businesses through direct sales and service organizations, as well as through a network of authorized distributors. Tennant Company was founded in 1870 and is headquartered in Eden Prairie, Minnesota.

The company has a dividend yield of 1.64% with the ex dividend date set at 2-3-2023 (DMY).

Other points of data to note are a P/E ratio of 18.22, revenue per share of 59.06 and a 5.1% return on assets.

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