Updating Tennant Co., Teradata Corp. and Idexx Laboratories Inc.

Article Excerpt

TENNANT CO. $66 (www.tennantco.com) recently paid $26.9 million for Gaomei Cleaning Equipment Co. Based in China, Gaomei makes a wide range of vacuum cleaners, high-pressure washers, sweepers and floor scrubbers. The purchase should give the company greater access to Chinese business clients. It should also lift Tennant’s earnings from $2.18 a share in 2018 to $2.42 in 2019. However, the stock is expensive at 27.3 times that forecast. Hold. TERADATA CORP. $37 (www.teradata.com) makes computers and software to capture and store large amounts of data for individual businesses—its clients. The company then analyzes this information and identifies consumer buying habits and other trends. Teradata continues to benefit from its new strategy of selling its products as cloud-based subscriptions, instead of one-time purchases of software packages. Despite that, the stock is down 24% since it hit $49 in March 2019, partly due to strong competition from bigger firms such as IBM. Hold. IDEXX LABORATORIES INC. $285 (www.idexx.com) makes equipment that veterinarians use to detect diseases in pets and farm animals. The…

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