Tennant (NYSE:TNC) Downgraded to Hold Rating by Wall Street Zen

Tennant (NYSE:TNC) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

A number of other research analysts also recently weighed in on the company. Roth Mkm reaffirmed a “buy” rating and set a $91.00 price target (down from $107.00) on shares of Tennant in a research note on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Tennant in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Tennant presently has a consensus rating of “Hold” and a consensus target price of $91.00.

Tennant Stock Performance

Shares of Tennant stock opened at $60.93 on Friday. The business has a 50-day moving average price of $77.13 and a two-hundred day moving average price of $78.10. Tennant has a 1-year low of $60.31 and a 1-year high of $87.72. The company has a current ratio of 2.05, a quick ratio of 1.39 and a debt-to-equity ratio of 0.45. The company has a market cap of $1.09 billion, a P/E ratio of 26.04, a PEG ratio of 1.85 and a beta of 1.05.

Hedge Funds Weigh In On Tennant

A number of hedge funds and other institutional investors have recently made changes to their positions in TNC. Salomon & Ludwin LLC bought a new position in shares of Tennant during the 3rd quarter valued at approximately $28,000. Hantz Financial Services Inc. lifted its position in shares of Tennant by 85.1% during the 4th quarter. Hantz Financial Services Inc. now owns 385 shares of the industrial products company’s stock valued at $28,000 after buying an additional 177 shares during the last quarter. CoreCap Advisors LLC purchased a new stake in Tennant in the 3rd quarter worth about $30,000. UMB Bank n.a. increased its holdings in Tennant by 1,778.6% in the 4th quarter. UMB Bank n.a. now owns 526 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 498 shares during the last quarter. Finally, State of Wyoming purchased a new stake in Tennant during the second quarter valued at about $73,000. 93.33% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Tennant

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Roth MKM reiterated a Buy rating on Tennant, which provides a supportive broker view for longer-term holders. Roth MKM Reiterates Buy Rating for Tennant
• Neutral Sentiment: Market commentary is reassessing Tennant’s valuation after weaker share performance; this frames current moves as part fundamentals review rather than a single catalyst. Assessing Tennant’s Valuation
• Negative Sentiment: Sidoti sharply cut EPS forecasts across multiple quarters and years (examples: Q1 2026 cut from $1.30 to $0.41; Q2 2026 cut from $1.71 to $1.13; FY2026 cut from $6.39 to $4.81; FY2027 cut from $7.37 to $6.42). These downward revisions signal weaker near-term profitability expectations and are a primary driver of bearish sentiment. MarketBeat – Tennant Analyst Reports
• Negative Sentiment: Multiple law firms have announced securities‑fraud investigations into Tennant, alleging possible misstatements in financials/operations; such probes raise legal, disclosure and reputational risk and often weigh on stock performance until resolved. BusinessWire – Securities Fraud Investigation Announced PR Newswire – Pomerantz Investigation

Tennant Company Profile

Tennant Company is a global provider of solutions that help keep facilities clean, safe and sustainable. The company designs, manufactures and markets a broad range of cleaning machines, chemicals and service programs that address the cleaning needs of customers in diverse industries, including manufacturing, warehousing, food and beverage, healthcare and education. Tennant’s product portfolio encompasses both ride-on and walk-behind floor scrubbers and sweepers, carpet extractors, power brushes, pressure washers and autonomous cleaning machines.

Founded in 1870 and headquartered in Minneapolis, Minnesota, Tennant has grown from a regional manufacturer into a multinational organization with operations in more than 70 countries and sales representation in over 100 markets worldwide.