TNC

Northcoast Research Initiates Coverage of Tennant (TNC) with Buy Recommendation

Fintel reports that on December 19, 2024, Northcoast Research initiated coverage of Tennant (NYSE:TNC) with a Buy recommendation.

Analyst Price Forecast Suggests 61.66% Upside

As of December 3, 2024, the average one-year price target for Tennant is $132.09/share. The forecasts range from a low of $121.20 to a high of $145.95. The average price target represents an increase of 61.66% from its latest reported closing price of $81.71 / share.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Tennant is 1,196MM, a decrease of 5.77%. The projected annual non-GAAP EPS is 5.22.

What is the Fund Sentiment?

There are 591 funds or institutions reporting positions in Tennant. This is an increase of 3 owner(s) or 0.51% in the last quarter. Average portfolio weight of all funds dedicated to TNC is 0.15%, an increase of 7.32%. Total shares owned by institutions increased in the last three months by 8.96% to 24,815K shares. TNC / Tennant Company Put/Call Ratios The put/call ratio of TNC is 15.50, indicating a bearish outlook.

What are Other Shareholders Doing?

TNC / Tennant Company Shares Held by Institutions

Mairs & Power holds 1,336K shares representing 7.08% ownership of the company. In its prior filing, the firm reported owning 1,195K shares , representing an increase of 10.59%. The firm increased its portfolio allocation in TNC by 6.22% over the last quarter.

IJR - iShares Core S&P Small-Cap ETF holds 1,202K shares representing 6.37% ownership of the company. In its prior filing, the firm reported owning 1,229K shares , representing a decrease of 2.30%. The firm decreased its portfolio allocation in TNC by 14.41% over the last quarter.

MPGFX - Mairs & Power Growth Fund holds 736K shares representing 3.90% ownership of the company. In its prior filing, the firm reported owning 669K shares , representing an increase of 9.06%. The firm increased its portfolio allocation in TNC by 4.36% over the last quarter.

P2 Capital Partners holds 727K shares representing 3.85% ownership of the company. In its prior filing, the firm reported owning 651K shares , representing an increase of 10.45%. The firm increased its portfolio allocation in TNC by 13.43% over the last quarter.

Thrivent Financial For Lutherans holds 684K shares representing 3.63% ownership of the company. In its prior filing, the firm reported owning 681K shares , representing an increase of 0.46%. The firm decreased its portfolio allocation in TNC by 64.33% over the last quarter.

Tennant Background Information
(This description is provided by the company.)

Founded in 1870, Tennant Company (TNC), headquartered in Minneapolis, Minnesota, is a world leader in designing, manufacturing and marketing solutions that empower customers to achieve quality cleaning performance, reduce their environmental impact and help create a cleaner, safer, healthier world. Its products include equipment for maintaining surfaces in industrial, commercial and outdoor environments; detergent-free and other sustainable cleaning technologies; cleaning tools and supplies; and coatings for protecting, repairing and upgrading surfaces. Tennant's global field service network is the most extensive in the industry. Tennant Company had sales of $1.14 billion in 2019 and has approximately 4,400 employees. Tennant has manufacturing operations throughout the world and sells products directly in 15 countries and through distributors in more than 100 countries. For more information, visit www.tennantco.com and www.ipcworldwide.com. The Tennant Company logo and other trademarks designated with the symbol '®' are trademarks of Tennant Company registered in the United States and/or other countries.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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