How to Buy Tennant Co Stock
Tennant Co
Tennant Co is a specialty industrial machinery company located in Minnesota, United States, which is part of the Industrials sector, and is traded under the ticker TNC on the NYSE exchange.
Tennant Co stock last closed at $115.63, up 0.15% from the previous day, and has increased 77.92% in one year. It has overperformed other stocks in the Specialty Industrial Machinery industry by 0.44 percentage points. Tennant Co stock is currently +59.28% from its 52-week low of $72.60, and -6.83% from its 52-week high of $124.11.
There are currently 18.62M shares of TNC outstanding. The market value of TNC is $2.15B. In the past 24 hours, 67,224 TNC shares were traded.
How to Buy Tennant Co Stock
Wondering how to invest in Tennant Co stock? Here's how.
- Decide where to buy Tennant Co stock: You need to choose a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you figure out where to buy Tennant Co stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Choose your method of payment and add your details.
- Analyze Tennant Co stock: The Tennant Co ticker symbol is TNC. Is Tennant Co stock a good investment? Should you buy shares of TNC? How do TNC's underlying business fundamentals look? Do top analysts think Tennant Co is a good buy? Why has TNC's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if TNC is a good stock to buy).
- Execute your TNC buy order: Decide if you will purchase TNC shares at the current market price or use a limit order to purchase TNC shares at a particular price.
- Get notifications regarding your TNC position: Create a watchlist to get the latest news on your investment in Tennant Co shares.
Step 1: Decide where to buy Tennant Co stock
You need a brokerage account in order to access the NYSE market and buy TNC shares.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal details so you are able to invest in TNC stock today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to create a new trading account.
- Submit your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have opened your account on the best free stock trading app, you can securely and quickly fund your account:
Watch the video below for more details transferring funds into your investment account.
Step 4: Analyze Tennant Co stock
After you have figured out the best place to buy Tennant Co stock, it's crucial to analyze their stock prior to buying, so you actually comprehend the risk and opportunity.
Tennant Co stock data
Fundamentals of Tennant Co
WallStreetZen was designed to help everyday investors perform more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on TNC's stock page.
Is TNC stock properly valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge TNC's fair value.
Using relative valuations metrics:
- TNC could be undervalued based on its P/E ratio of 19.53x, relative to Specialty Industrial Machinery industry P/E ratio of 33.07x
- TNC could be undervalued based on its P/B ratio of 3.73x, relative to Specialty Industrial Machinery industry P/B ratio of 4.98x
- TNC could be overvalued based on its PEG ratio of 1.03x
You can access additional valuation analysis on TNC's stock here.
A quick look at TNC Financials
Passed Health Checks:
- There are more short-term assets than long-term liabilities on the TNC balance sheet.
- There are more short-term assets than short-term liabilities on the TNC balance sheet.
- Total TNC debt is lower than 5 years ago, relative to shareholder equity.
- TNC earnings of $137.30M is not enough to cover its interest payments.
- TNC's operating cash flow of $188.40M allows it to safely service it's debt of $228.00M.
- TNC profit margin has gone up from 6.1% to 8.8% in the past year.
Failed Health Checks:
- TNC has a relatively high debt to equity ratio of 0.93.
Do analysts think it's a good time to buy TNC stock
Out of 2 sell side analysts who give forecasts on TNC, the consensus analyst rating on TNC is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Tennant Co stock forecast page.
TNC Technicals
TNC Growth Metrics
Last year, TNC earnings were $109.50M. During the past five year, TNC's earnings have gone up by 26.06% per year. This was faster than the Specialty Industrial Machinery industry average of -0.27%.
Last year, TNC revenue was $1.24B. During the last 5 year, TNC's revenue has gone up by 2.05% per year. This was slower than the Specialty Industrial Machinery industry average of 3.97%.
Find out more about TNC's earnings and revenue performance here.
What are TNC insiders up to?
In the last 12 months, executives and large shareholders at TNC have sold more shares than they have bought.
Kristin A. Erickson, SVP GENERAL COUNSEL of TNC, was the latest TNC insider to sell. They sold $61,160.00 worth of TNC stock on Mar 8, 2024.
Learn more about who owns TNC shares here.
Can I get consistent income from TNC stock?
Tennant Co pays a dividend of 0.94%, compared to the Specialty Industrial Machinery industry's average dividend yield of 1.29%. If you owned $1,000 of TNC stock, you would have been paid $9.43 last year.
Tennant Co dividend payments have consistently grown over the past decade and have remained stable.
Find more analysis about Tennant Co dividend yield and history here.
What others are saying about TNC
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your TNC buy order
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually fine. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific dollar amount, place a limit order.
Hit the Open button and your broker will place your order.
If you need additional help with investing in stocks on eToro, watch the how to video below:
Step 6: Get notifications regarding your TNC position
Now that you own some shares in TNC, you'll want to stay up-to-date on your stock purchase.
Add TNC to a watchlist to monitor your TNC stock.
TNC Feed
How to Buy Stock in Tennant Co
To reiterate, here are the 6 steps for buying Tennant Co stock:
- Decide where to buy Tennant Co stock
- Open a brokerage account
- Deposit money your investment account
- Analyze Tennant Co stock
- Execute your TNC buy order
- Get notifications regarding your TNC position
If you are looking for a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get updates on your investment in Tennant Co, create your watchlist below.
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