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How to buy Tennant Company stock | 67.83

Own Tennant Company stock in just a few minutes.

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Tennant Company is a specialty industrial machinery business based in the US. Tennant Company shares (TNC) are listed on the NYSE and all prices are listed in US Dollars. Tennant Company employs 4,373 staff and has a trailing 12-month revenue of around USD$1 billion.

How to buy shares in Tennant Company

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Tennant Company. Find the stock by name or ticker symbol: TNC. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Tennant Company reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$67.83, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Tennant Company, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Tennant Company. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

How has coronavirus impacted Tennant Company's share price?

Since the stock market crash in March caused by coronavirus, Tennant Company's share price has had significant negative movement.

Its last market close was USD$67.83, which is 17.99% down on its pre-crash value of USD$82.71 and 45.43% up on the lowest point reached during the March crash when the shares fell as low as USD$46.64.

If you had bought USD$1,000 worth of Tennant Company shares at the start of February 2020, those shares would have been worth USD$631.92 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$876.36.

Tennant Company share price

Use our graph to track the performance of TNC stocks over time.

Tennant Company shares at a glance

Information last updated 2020-11-25.
Latest market close USD$67.83
52-week range USD$46.3308 - USD$86.2356
50-day moving average USD$63.4411
200-day moving average USD$64.2493
Wall St. target price USD$69.5
PE ratio 29.2863
Dividend yield USD$0.92 (1.31%)
Earnings per share (TTM) USD$2.27

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Tennant Company stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Tennant Company price performance over time

Historical closes compared with the close of $67.83 from 2020-11-16

1 week (2020-11-15) N/A
1 month (2020-10-26) 11.07%
3 months (2020-08-22) N/A
6 months (2020-05-22) N/A
1 year (2019-11-22) N/A
2 years (2018-11-22) N/A
3 years (2017-11-22) N/A
5 years (2015-11-22) N/A

Is Tennant Company under- or over-valued?

Valuing Tennant Company stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Tennant Company's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Tennant Company's P/E ratio

Tennant Company's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 29x. In other words, Tennant Company shares trade at around 29x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Tennant Company's PEG ratio

Tennant Company's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.01. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Tennant Company's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Tennant Company's EBITDA

Tennant Company's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$144.9 million.

The EBITDA is a measure of a Tennant Company's overall financial performance and is widely used to measure a its profitability.

Tennant Company financials

Revenue TTM USD$1 billion
Operating margin TTM 8.97%
Gross profit TTM USD$466.2 million
Return on assets TTM 5.44%
Return on equity TTM 11.51%
Profit margin 4.13%
Book value $21.323
Market capitalisation USD$1.3 billion

TTM: trailing 12 months

Shorting Tennant Company shares

There are currently 222,471 Tennant Company shares held short by investors – that's known as Tennant Company's "short interest". This figure is 49.9% down from 444,392 last month.

There are a few different ways that this level of interest in shorting Tennant Company shares can be evaluated.

Tennant Company's "short interest ratio" (SIR)

Tennant Company's "short interest ratio" (SIR) is the quantity of Tennant Company shares currently shorted divided by the average quantity of Tennant Company shares traded daily (recently around 82396.666666667). Tennant Company's SIR currently stands at 2.7. In other words for every 100,000 Tennant Company shares traded daily on the market, roughly 2700 shares are currently held short.

However Tennant Company's short interest can also be evaluated against the total number of Tennant Company shares, or, against the total number of tradable Tennant Company shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Tennant Company's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Tennant Company shares in existence, roughly 10 shares are currently held short) or 0.0196% of the tradable shares (for every 100,000 tradable Tennant Company shares, roughly 20 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Tennant Company.

Find out more about how you can short Tennant Company stock.

Tennant Company share dividends

29%

Dividend payout ratio: 28.99% of net profits

Recently Tennant Company has paid out, on average, around 28.99% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.31% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Tennant Company shareholders could enjoy a 1.31% return on their shares, in the form of dividend payments. In Tennant Company's case, that would currently equate to about $0.92 per share.

While Tennant Company's payout ratio might seem fairly standard, it's worth remembering that Tennant Company may be investing much of the rest of its net profits in future growth.

Tennant Company's most recent dividend payout was on 15 December 2020. The latest dividend was paid out to all shareholders who bought their shares by 27 November 2020 (the "ex-dividend date").

Have Tennant Company's shares ever split?

Tennant Company's shares were split on a 2:1 basis on 26 July 2006. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Tennant Company shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Tennant Company shares which in turn could have impacted Tennant Company's share price.

Tennant Company share price volatility

Over the last 12 months, Tennant Company's shares have ranged in value from as little as $46.3308 up to $86.2356. A popular way to gauge a stock's volatility is its "beta".

TNC.US volatility(beta: 1.19)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Tennant Company's is 1.1894. This would suggest that Tennant Company's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Tennant Company overview

Tennant Company 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 outdoor 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, and IPC 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. The company markets its products to contract cleaners and businesses through direct sales and service organization, as well as through a network of authorized distributors. Tennant Company was founded in 1870 and is headquartered in Minneapolis, Minnesota.

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