Trade Report: The Tesco Corp. (TESO) Stock Rating Reaffirmed by HSBC

The Tesco Corp. (TESO) Stock Rating Reaffirmed by HSBC

Tesco Corp. (NASDAQ:TESO)‘s stock had its “hold” rating reiterated by research analysts at HSBC in a report issued on Monday.

The analysts wrote, “HSBC Reiterates a Hold Rating on Tesco Corp | Analyst Ratings

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Home » HSBC Reiterates a Hold Rating on Tesco Corp”

Other equities analysts also recently issued reports about the company. Barclays PLC reaffirmed a “buy” rating on shares of Tesco Corp. in a research report on Monday, September 26th. FBR & Co set a $9.00 target price on Tesco Corp. and gave the company a “buy” rating in a research report on Wednesday, August 10th. Zacks Investment Research raised Tesco Corp. from a “hold” rating to a “buy” rating and set a $7.25 target price for the company in a research report on Wednesday, July 20th. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Tesco Corp. in a research report on Friday, August 19th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $8.56.

Tesco Corp. (NASDAQ:TESO) opened at 8.27 on Monday. Tesco Corp. has a 12 month low of $5.13 and a 12 month high of $9.77. The company has a 50 day moving average of $7.42 and a 200 day moving average of $7.49. The stock’s market capitalization is $383.75 million.

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

Several institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. increased its position in shares of Tesco Corp. by 19.4% in the second quarter. Ameriprise Financial Inc. now owns 225,800 shares of the company’s stock worth $1,510,000 after buying an additional 36,764 shares in the last quarter. Royce & Associates LP increased its position in shares of Tesco Corp. by 12.3% in the second quarter. Royce & Associates LP now owns 911,296 shares of the company’s stock worth $6,097,000 after buying an additional 100,000 shares in the last quarter. Swiss National Bank increased its position in shares of Tesco Corp. by 30.9% in the second quarter. Swiss National Bank now owns 71,600 shares of the company’s stock worth $479,000 after buying an additional 16,900 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Tesco Corp. by 6.2% in the second quarter. Bank of New York Mellon Corp now owns 518,884 shares of the company’s stock worth $3,472,000 after buying an additional 30,380 shares in the last quarter. Finally, HL Financial Services LLC increased its position in shares of Tesco Corp. by 17.9% in the second quarter. HL Financial Services LLC now owns 131,903 shares of the company’s stock worth $882,000 after buying an additional 20,010 shares in the last quarter. 94.87% of the stock is owned by institutional investors and hedge funds.

Tesco Corp. Company Profile

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