Tennant (TNC) Receiving Somewhat Positive Press Coverage, Analysis Finds
News coverage about Tennant (NYSE:TNC) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tennant earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 45.9221645299244 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Tennant (NYSE TNC) traded down $0.55 during midday trading on Friday, hitting $60.55. The company had a trading volume of 145,528 shares, compared to its average volume of 118,825. The company has a market cap of $1,090.73, a PE ratio of 89.04, a price-to-earnings-growth ratio of 2.67 and a beta of 0.91. Tennant has a 1-year low of $59.00 and a 1-year high of $76.80. The company has a current ratio of 2.09, a quick ratio of 1.39 and a debt-to-equity ratio of 1.29.
Several equities research analysts recently commented on the company. Zacks Investment Research cut Tennant from a “hold” rating to a “sell” rating in a research note on Saturday. Dougherty & Co reissued a “neutral” rating on shares of Tennant in a research note on Sunday, November 12th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Tennant has an average rating of “Hold” and a consensus price target of $65.00.
Tennant Company is engaged in designing, manufacturing and marketing of cleaning solutions. The Company’s segments are Americas; Europe, Middle East, Africa, and Asia Pacific. The Company offers a range of products, including floor maintenance and outdoor cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, specialty surface coatings and asset management solutions.
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