The HSBC Reiterates “Hold” Rating for Tesco Corp. (TESO)

The HSBC Reiterates “Hold” Rating for Tesco Corp. (TESO)

HSBC reaffirmed their hold rating on shares of Tesco Corp. (NASDAQ:TESO) in a report published on Monday.

A number of other analysts have also recently commented on the company. Barclays PLC restated a buy rating on shares of Tesco Corp. in a research report on Monday, September 26th. Seaport Global Securities restated a neutral rating on shares of Tesco Corp. in a research report on Friday, August 19th. Zacks Investment Research cut Tesco Corp. from a buy rating to a hold rating in a research report on Saturday, August 13th. Finally, FBR & Co set a $9.00 price objective on Tesco Corp. and gave the company a buy rating in a research report on Wednesday, August 10th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $9.13.

Shares of Tesco Corp. (NASDAQ:TESO) opened at 8.20 on Monday. The company’s market capitalization is $380.50 million. Tesco Corp. has a 12 month low of $5.12 and a 12 month high of $9.77. The company has a 50-day moving average price of $7.56 and a 200-day moving average price of $7.50.

Tesco Corp. (NASDAQ:TESO) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.39) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.42) by $0.03. The business earned $33.60 million during the quarter, compared to analysts’ expectations of $32.48 million. Tesco Corp. had a negative return on equity of 15.93% and a negative net margin of 95.07%. The business’s revenue was down 54.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.21) earnings per share. On average, analysts forecast that Tesco Corp. will post ($1.53) EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of TESO. American International Group Inc. boosted its stake in Tesco Corp. by 3.0% in the second quarter. American International Group Inc. now owns 30,323 shares of the company’s stock worth $203,000 after buying an additional 881 shares during the last quarter. Barclays PLC boosted its stake in Tesco Corp. by 2.8% in the first quarter. Barclays PLC now owns 34,462 shares of the company’s stock worth $276,000 after buying an additional 947 shares during the last quarter. Profund Advisors LLC boosted its stake in Tesco Corp. by 21.7% in the second quarter. Profund Advisors LLC now owns 15,406 shares of the company’s stock worth $103,000 after buying an additional 2,748 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Tesco Corp. by 17.8% in the second quarter. Louisiana State Employees Retirement System now owns 20,500 shares of the company’s stock worth $137,000 after buying an additional 3,100 shares during the last quarter. Finally, Teachers Advisors Inc. boosted its stake in Tesco Corp. by 0.6% in the second quarter. Teachers Advisors Inc. now owns 561,985 shares of the company’s stock worth $3,760,000 after buying an additional 3,363 shares during the last quarter. 94.87% of the stock is owned by institutional investors.

Tesco Corp. Company Profile

Related posts

Leave a Comment