Tricon Capital Group (TSE:TCN)‘s stock had its “outperform” rating reissued by analysts at Raymond James in a report released on Friday, BayStreet.CA reports. They currently have a C$12.00 price objective on the stock. Raymond James’ price target would indicate a potential upside of 9.69% from the company’s current price. Raymond James also issued estimates for Tricon Capital Group’s Q4 2019 earnings at $0.22 EPS, FY2019 earnings at $1.00 EPS, Q1 2020 earnings at $0.28 EPS, FY2020 earnings at $1.15 EPS, Q1 2021 earnings at $0.28 EPS, Q2 2021 earnings at $0.29 EPS, Q3 2021 earnings at $0.30 EPS and FY2021 earnings at $1.20 EPS.
A number of other research firms have also recently weighed in on TCN. Royal Bank of Canada lowered their price objective on Tricon Capital Group from C$14.00 to C$13.00 in a research report on Monday, July 22nd. CIBC lowered their price objective on Tricon Capital Group from C$14.00 to C$13.75 in a research report on Friday, August 9th.
Tricon Capital Group stock opened at C$10.94 on Friday. The business has a 50-day simple moving average of C$10.57 and a two-hundred day simple moving average of C$10.31. The company has a market cap of $2.13 billion and a P/E ratio of 14.66. Tricon Capital Group has a 52-week low of C$9.33 and a 52-week high of C$11.73. The company has a quick ratio of 0.32, a current ratio of 0.43 and a debt-to-equity ratio of 27.05.
Tricon Capital Group Company Profile
Tricon Capital Group Inc is a principal investor and asset manager focused on the residential real estate industry in North America. The firm owns and manages on behalf of third-party investors a portfolio of investments in land and homebuilding assets, single-family rental homes, manufactured housing communities, and multi-family development projects.
Featured Story: Mutual Funds
Receive News & Ratings for Tricon Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tricon Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.