Tennant Company with ticker code (TNC) now have 3 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 98 and 75 with the average target price sitting at 83. Given that the stocks previous close was at 67.11 this indicates there is a potential upside of 23.7%. The day 50 moving average is 63.75 while the 200 day moving average is 62.65. The company has a market cap of $1,253m. Visit the company website at: https://www.tennantco.com
The potential market cap would be $1,550m based on the market concensus.
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, specialty surface coatings, 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, VLX, IPC, 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.
