Tennant Company which can be found using ticker (TNC) have now 3 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The target price High/Low ranges between 100 and 82 suggesting an average Analsyt target price of $88.33. Now with the previous closing price of $76.42 this indicates there is a potential upside of 15.6%. It’s also worth noting that there is a 50 day moving average of $68.12 and the 200 moving average now moves to $64.46. The market capitalization for the company is $1,487m. Find out more information at: https://www.tennantco.com
The potential market cap would be $1,718m based on the market consensus.
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 1.39% with the ex dividend date set at 30-5-2023 (DMY).
