Tennant Company (TNC) Stock Forecast, Price Target & Predictions
TNC Stock Forecast
Tennant Company stock forecast is as follows: an average price target of $140.00 (represents a 51.38% upside from TNC’s last price of $92.48) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.
TNC Price Target
The average price target for Tennant Company (TNC) is $140.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $140.00 to $140.00. This represents a potential 51.38% upside from TNC's last price of $92.48.
TNC Analyst Ratings
According to 2 Wall Street analysts, Tennant Company's rating consensus is 'Buy'. The analyst rating breakdown for TNC stock is 0 'Strong Buy' (0.00%), 2 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Tennant Company Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 16, 2024 | Thomas Hayes | C.L. King | $140.00 | $105.48 | 32.73% | 51.38% |
The latest Tennant Company stock forecast, released on May 16, 2024 by Thomas Hayes from C.L. King, set a price target of $140.00, which represents a 32.73% increase from the stock price at the time of the forecast ($105.48), and a 51.38% increase from TNC last price ($92.48).
Tennant Company Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $140.00 |
| Last Closing Price | $92.48 | $92.48 | $92.48 |
| Upside/Downside | -100.00% | -100.00% | 51.38% |
In the current month, the average price target of Tennant Company stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Tennant Company's last price of $92.48. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| May 06, 2024 | EF Hutton | Buy | Buy | Hold |
| Feb 26, 2024 | EF Hutton | Buy | Buy | Hold |
| Nov 01, 2023 | CJS Securities | - | Outperform | Upgrade |
Tennant Company's last stock rating was published by EF Hutton on May 06, 2024. The company gave TNC a "Buy" rating, the same as its previous rate.
Tennant Company Financial Forecast
Tennant Company Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | $304.70M | $321.70M | $305.80M | $291.00M | $262.90M | - | $258.10M | $276.40M | $272.00M | $279.10M | $263.30M | $273.00M | $261.90M | $214.00M | $252.10M | $294.80M | $280.70M | $299.70M | $262.50M | $285.21M | $273.25M |
| Avg Forecast | $342.65M | $335.15M | $346.35M | $325.05M | $327.75M | $319.40M | $327.00M | $310.43M | $309.87M | $296.60M | $291.67M | $272.53M | $291.20M | $287.17M | $274.20M | $279.50M | $281.35M | $273.95M | $271.35M | $244.70M | $271.88M | $237.67M | $230.05M | $256.63M | $294.80M | $285.90M | $301.00M | $279.65M | $253.52M | $197.35M |
| High Forecast | $342.65M | $335.15M | $346.35M | $325.05M | $327.75M | $319.40M | $327.00M | $310.43M | $309.87M | $305.00M | $291.67M | $272.53M | $291.20M | $287.17M | $274.20M | $281.75M | $283.61M | $276.15M | $273.53M | $246.67M | $274.06M | $239.58M | $231.90M | $258.69M | $297.17M | $288.20M | $303.42M | $281.90M | $304.23M | $236.82M |
| Low Forecast | $342.65M | $335.15M | $346.35M | $325.05M | $327.75M | $319.40M | $327.00M | $310.43M | $309.87M | $285.50M | $291.67M | $272.53M | $291.20M | $287.17M | $274.20M | $277.06M | $278.89M | $271.55M | $268.98M | $242.56M | $269.50M | $235.59M | $228.04M | $254.38M | $292.22M | $283.40M | $298.37M | $277.20M | $202.82M | $157.88M |
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | 3 | 1 | 1 | 1 | 1 | - | - | 2 | 2 | 2 | 4 | 4 | 7 | 4 | 4 | 3 | 5 | 3 | 3 | 9 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.03% | 1.10% | 1.12% | 1.00% | 0.92% | - | 0.92% | 0.98% | 0.99% | 1.03% | 1.08% | 1.00% | 1.10% | 0.93% | 0.98% | 1.00% | 0.98% | 1.00% | 0.94% | 1.13% | 1.38% |
Tennant Company's average Quarter revenue forecast for Dec 23 based on 1 analysts is $309.87M, with a low forecast of $309.87M, and a high forecast of $309.87M. TNC's average Quarter revenue forecast represents a 1.70% increase compared to the company's last Quarter revenue of $304.70M (Sep 23).
Tennant Company EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | 3 | 1 | 1 | 1 | 1 | - | - | 2 | 2 | 2 | 4 | 4 | 7 | 4 | 4 | 3 | 5 | 3 | 3 | 9 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | $34.70M | $43.50M | $48.00M | $28.90M | $33.30M | - | $27.10M | $25.80M | $36.00M | $20.10M | $51.20M | $22.70M | $31.80M | $36.10M | $24.50M | $33.30M | $35.00M | $35.70M | $25.30M | $26.98M | $29.29M |
| Avg Forecast | $43.38M | $42.43M | $43.85M | $41.15M | $41.49M | $40.44M | $41.40M | $39.23M | $39.23M | $37.55M | $36.92M | $35.66M | $36.87M | $24.92M | $34.71M | $32.42M | $22.52M | $34.68M | $16.95M | $33.75M | $20.64M | $19.70M | $90.97M | $20.50M | $31.66M | $21.00M | $22.37M | $19.61M | $23.61M | $18.03M |
| High Forecast | $43.38M | $42.43M | $43.85M | $41.15M | $41.49M | $40.44M | $41.40M | $47.08M | $39.23M | $38.61M | $36.92M | $42.80M | $36.87M | $29.91M | $34.71M | $38.91M | $27.03M | $34.96M | $20.34M | $40.50M | $24.76M | $23.64M | $109.17M | $24.60M | $37.99M | $25.20M | $26.84M | $23.53M | $28.33M | $21.63M |
| Low Forecast | $43.38M | $42.43M | $43.85M | $41.15M | $41.49M | $40.44M | $41.40M | $31.38M | $39.23M | $36.14M | $36.92M | $28.53M | $36.87M | $19.94M | $34.71M | $25.94M | $18.02M | $34.38M | $13.56M | $27.00M | $16.51M | $15.76M | $72.78M | $16.40M | $25.33M | $16.80M | $17.90M | $15.69M | $18.89M | $14.42M |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.92% | 1.18% | 1.35% | 0.78% | 1.34% | - | 0.84% | 1.15% | 1.04% | 1.19% | 1.52% | 1.10% | 1.61% | 0.40% | 1.20% | 1.05% | 1.67% | 1.60% | 1.29% | 1.14% | 1.63% |
1 analysts predict TNC's average Quarter EBITDA for Dec 23 to be $39.23M, with a high of $39.23M and a low of $39.23M. This is 13.05% upper than Tennant Company's previous annual EBITDA (Sep 23) of $34.70M.
Tennant Company Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | 3 | 1 | 1 | 1 | 1 | - | - | 2 | 2 | 2 | 4 | 4 | 7 | 4 | 4 | 3 | 5 | 3 | 3 | 9 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | $22.90M | $31.30M | $24.30M | $23.80M | $15.60M | - | $10.30M | $7.90M | $21.50M | $9.80M | $25.70M | $2.50M | $11.70M | $14.30M | $5.20M | $11.00M | $14.60M | $14.80M | $5.40M | $7.72M | $9.68M |
| Avg Forecast | $31.69M | $30.15M | $33.32M | $30.54M | $27.47M | $27.56M | $32.94M | $14.59M | $24.07M | $22.09M | $22.22M | $13.26M | $23.30M | $9.17M | $16.50M | $12.06M | $6.90M | $16.26M | $8.26M | $16.94M | $2.55M | $7.25M | $36.04M | $4.35M | $10.46M | $8.76M | $9.27M | $4.18M | $6.75M | $5.95M |
| High Forecast | $31.69M | $30.15M | $33.32M | $30.54M | $27.47M | $27.56M | $32.94M | $17.50M | $24.07M | $23.05M | $22.22M | $15.91M | $23.30M | $11.00M | $16.50M | $14.47M | $8.28M | $16.43M | $9.92M | $20.33M | $3.05M | $8.70M | $43.24M | $5.22M | $12.55M | $10.51M | $11.13M | $5.02M | $8.10M | $7.15M |
| Low Forecast | $31.69M | $30.15M | $33.32M | $30.54M | $27.47M | $27.56M | $32.94M | $11.67M | $24.07M | $21.51M | $22.22M | $10.61M | $23.30M | $7.34M | $16.50M | $9.64M | $5.52M | $16.08M | $6.61M | $13.55M | $2.04M | $5.80M | $28.83M | $3.48M | $8.37M | $7.01M | $7.42M | $3.35M | $5.40M | $4.76M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.04% | 1.41% | 1.83% | 1.02% | 1.70% | - | 0.85% | 1.15% | 1.32% | 1.19% | 1.52% | 0.98% | 1.61% | 0.40% | 1.20% | 1.05% | 1.67% | 1.60% | 1.29% | 1.14% | 1.63% |
Tennant Company's average Quarter net income forecast for Dec 23 is $24.07M, with a range of $24.07M to $24.07M. TNC's average Quarter net income forecast represents a 5.12% increase compared to the company's last Quarter net income of $22.90M (Sep 23).
Tennant Company SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | 3 | 1 | 1 | 1 | 1 | - | - | 2 | 2 | 2 | 4 | 4 | 7 | 4 | 4 | 3 | 5 | 3 | 3 | 9 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | $88.20M | $87.00M | $81.70M | $79.20M | $71.40M | - | $76.60M | $89.20M | $76.90M | $86.20M | $69.60M | $91.60M | $79.00M | $61.10M | $82.30M | $90.20M | $84.30M | $92.50M | $90.20M | $87.04M | $85.14M |
| Avg Forecast | $101.89M | $99.66M | $102.99M | $96.65M | $97.46M | $94.97M | $97.23M | $108.48M | $92.14M | $88.19M | $86.73M | $98.62M | $86.59M | $61.91M | $81.53M | $89.66M | $77.87M | $81.46M | $72.68M | $45.88M | $83.27M | $48.94M | $153.97M | $68.86M | $85.76M | $50.58M | $57.96M | $69.91M | $76.16M | $52.39M |
| High Forecast | $101.89M | $99.66M | $102.99M | $96.65M | $97.46M | $94.97M | $97.23M | $130.18M | $92.14M | $90.69M | $86.73M | $118.35M | $86.59M | $74.30M | $81.53M | $107.59M | $93.45M | $82.12M | $87.21M | $55.06M | $99.93M | $58.73M | $184.77M | $82.64M | $102.92M | $60.70M | $69.55M | $83.89M | $91.40M | $62.87M |
| Low Forecast | $101.89M | $99.66M | $102.99M | $96.65M | $97.46M | $94.97M | $97.23M | $86.79M | $92.14M | $84.89M | $86.73M | $78.90M | $86.59M | $49.53M | $81.53M | $71.73M | $62.30M | $80.75M | $58.14M | $36.70M | $66.62M | $39.15M | $123.18M | $55.09M | $68.61M | $40.46M | $46.37M | $55.92M | $60.93M | $41.92M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.00% | 1.00% | 0.83% | 0.91% | 1.15% | - | 0.85% | 1.15% | 0.94% | 1.19% | 1.52% | 1.10% | 1.61% | 0.40% | 1.20% | 1.05% | 1.67% | 1.60% | 1.29% | 1.14% | 1.63% |
Tennant Company's average Quarter SG&A projection for Dec 23 is $92.14M, based on 1 Wall Street analysts, with a range of $92.14M to $92.14M. The forecast indicates a 4.47% rise compared to TNC last annual SG&A of $88.20M (Sep 23).
Tennant Company EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | 3 | 1 | 1 | 1 | 1 | - | - | 2 | 2 | 2 | 4 | 4 | 7 | 4 | 4 | 3 | 5 | 3 | 3 | 9 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | $1.23 | $1.70 | $1.32 | $1.29 | $0.84 | - | $0.56 | $0.43 | $1.16 | $0.53 | $1.39 | $0.14 | $0.64 | $0.78 | $0.28 | $0.60 | $0.81 | $0.82 | $0.30 | $0.43 | $0.54 |
| Avg Forecast | $1.65 | $1.57 | $1.74 | $1.59 | $1.43 | $1.44 | $1.72 | $1.42 | $1.25 | $1.15 | $1.16 | $0.84 | $1.21 | $1.10 | $0.86 | $0.88 | $0.63 | $0.86 | $0.96 | $0.60 | $0.49 | $0.41 | $0.37 | $0.49 | $0.60 | $0.45 | $0.79 | $0.40 | $0.42 | $0.24 |
| High Forecast | $1.65 | $1.57 | $1.74 | $1.59 | $1.43 | $1.44 | $1.72 | $1.42 | $1.25 | $1.20 | $1.16 | $0.84 | $1.21 | $1.10 | $0.86 | $0.88 | $0.63 | $0.87 | $0.98 | $0.61 | $0.50 | $0.41 | $0.37 | $0.50 | $0.61 | $0.45 | $0.79 | $0.40 | $0.50 | $0.29 |
| Low Forecast | $1.65 | $1.57 | $1.74 | $1.59 | $1.43 | $1.44 | $1.72 | $1.42 | $1.25 | $1.12 | $1.16 | $0.84 | $1.21 | $1.10 | $0.86 | $0.87 | $0.62 | $0.85 | $0.95 | $0.60 | $0.49 | $0.41 | $0.37 | $0.49 | $0.60 | $0.44 | $0.78 | $0.40 | $0.34 | $0.19 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.07% | 1.47% | 1.58% | 1.06% | 0.76% | - | 0.64% | 0.69% | 1.35% | 0.55% | 2.31% | 0.28% | 1.56% | 2.11% | 0.57% | 0.99% | 1.82% | 1.04% | 0.75% | 1.02% | 2.25% |
According to 1 Wall Street analysts, Tennant Company's projected average Quarter EPS for Dec 23 is $1.25, with a low estimate of $1.25 and a high estimate of $1.25. This represents a 1.90% increase compared to TNC previous annual EPS of $1.23 (Sep 23).
Tennant Company Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| TNC | Tennant Company | $92.48 | $140.00 | 51.38% | Buy |
| IEX | IDEX | $199.78 | $236.33 | 18.30% | Buy |
| NPO | EnPro Industries | $153.68 | $180.00 | 17.13% | Buy |
| FELE | Franklin Electric | $97.16 | $103.00 | 6.01% | Buy |
| DCI | Donaldson Company | $70.71 | $68.25 | -3.48% | Hold |
| WTS | Watts Water | $194.51 | $186.00 | -4.38% | Buy |
| KAI | Kadant | $323.59 | $300.00 | -7.29% | - |
| EPAC | Enerpac Tool Group | $41.21 | $23.00 | -44.19% | Hold |
TNC Forecast FAQ
Is Tennant Company a good buy?
Yes, according to 2 Wall Street analysts, Tennant Company (TNC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 100.00% of TNC's total ratings.
What is TNC's price target?
Tennant Company (TNC) average price target is $140 with a range of $140 to $140, implying a 51.38% from its last price of $92.48. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Tennant Company stock go up soon?
According to Wall Street analysts' prediction for TNC stock, the company can go up by 51.38% (from the last price of $92.48 to the average price target of $140), up by 51.38% based on the highest stock price target, and up by 51.38% based on the lowest stock price target.
Can Tennant Company stock reach $140?
TNC's average twelve months analyst stock price target of $140 does not support the claim that Tennant Company can reach $140 in the near future.
What are Tennant Company's analysts' financial forecasts?
Tennant Company's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $1.28B (high $1.28B, low $1.28B), average EBITDA is $162.56M (high $170.4M, low $154.71M), average net income is $102.55M (high $105.47M, low $99.64M), average SG&A $398.15M (high $419.85M, low $376.45M), and average EPS is $6 (high $6, low $6). TNC's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.35B (high $1.35B, low $1.35B), average EBITDA is $170.81M (high $170.81M, low $170.81M), average net income is $125.71M (high $125.71M, low $125.71M), average SG&A $401.19M (high $401.19M, low $401.19M), and average EPS is $6.54 (high $6.54, low $6.54).
Did the TNC's actual financial results beat the analysts' financial forecasts?
Based on Tennant Company's last annual report (Dec 2022), the company's revenue was $1.09B, which missed the average analysts forecast of $1.13B by -3.52%. Apple's EBITDA was $132.8M, beating the average prediction of $128.92M by 3.01%. The company's net income was $66.3M, beating the average estimation of $61.03M by 8.63%. Apple's SG&A was $306.3M, missing the average forecast of $319.69M by -4.19%. Lastly, the company's EPS was $3.58, missing the average prediction of $4.05 by -11.68%. In terms of the last quarterly report (Sep 2023), Tennant Company's revenue was $304.7M, beating the average analysts' forecast of $296.6M by 2.73%. The company's EBITDA was $34.7M, missing the average prediction of $37.55M by -7.59%. Tennant Company's net income was $22.9M, beating the average estimation of $22.09M by 3.68%. The company's SG&A was $88.2M, beating the average forecast of $88.19M by 0.01%. Lastly, the company's EPS was $1.23, beating the average prediction of $1.15 by 6.96%