Raymond James Reiterates “Outperform” Rating for Tricon Capital Group (TSE:TCN)

Share on StockTwits

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 (TSE:TCN) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.21 by C$0.04. The firm had revenue of C$74.17 million for the quarter. Research analysts anticipate that Tricon Capital Group will post 0.8799999 EPS for the current fiscal year.

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.