Zacks Research Downgrades Tennant (NYSE:TNC) to Strong Sell

Tennant (NYSE:TNC) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday,Zacks.com reports.

A number of other equities analysts have also issued reports on the company. Wall Street Zen lowered Tennant from a “buy” rating to a “hold” rating in a research note on Saturday. Freedom Capital lowered Tennant from a “strong-buy” rating to a “hold” rating in a report on Thursday. Roth Mkm reaffirmed a “buy” rating and set a $91.00 target price (down from $107.00) on shares of Tennant in a report on Wednesday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Tennant in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $91.00.

Tennant Trading Down 2.3%

NYSE TNC opened at $60.93 on Thursday. Tennant has a 12-month low of $60.31 and a 12-month high of $87.72. The company has a fifty day simple moving average of $77.13 and a two-hundred day simple moving average of $78.10. 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 stock has a market cap of $1.09 billion, a P/E ratio of 26.04, a P/E/G ratio of 1.85 and a beta of 1.05.

Institutional Investors Weigh In On Tennant

Several hedge funds have recently bought and sold shares of TNC. Salomon & Ludwin LLC acquired a new stake in shares of Tennant during the 3rd quarter worth approximately $28,000. CoreCap Advisors LLC acquired a new position in shares of Tennant in the 3rd quarter valued at $30,000. Hantz Financial Services Inc. boosted its holdings in Tennant by 85.1% during the fourth quarter. Hantz Financial Services Inc. now owns 385 shares of the industrial products company’s stock worth $28,000 after buying an additional 177 shares in the last quarter. UMB Bank n.a. boosted its holdings in Tennant by 1,778.6% during the fourth quarter. UMB Bank n.a. now owns 526 shares of the industrial products company’s stock worth $39,000 after buying an additional 498 shares in the last quarter. Finally, Whittier Trust Co. acquired a new stake in Tennant during the third quarter valued at $74,000. Hedge funds and other institutional investors own 93.33% of the company’s stock.

Tennant News Summary

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.