Brokers Set Expectations for Tricon Capital Group Inc’s FY2016 Earnings (TCN)
Tricon Capital Group Inc (TSE:TCN) – Stock analysts at National Bank Financial increased their FY2016 earnings per share estimates for shares of Tricon Capital Group in a report released on Tuesday. National Bank Financial analyst T. Johnson now anticipates that the brokerage will earn $0.70 per share for the year, up from their previous forecast of $0.61. National Bank Financial has a “Outperform” rating and a $13.00 price objective on the stock. National Bank Financial also issued estimates for Tricon Capital Group’s FY2017 earnings at $0.71 EPS.
TCN has been the topic of a number of other research reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Tricon Capital Group in a research report on Wednesday, August 31st. Canaccord Genuity reissued a “buy” rating and set a C$12.00 price objective on shares of Tricon Capital Group in a research report on Friday, August 12th. Finally, TD Securities increased their price objective on shares of Tricon Capital Group from C$11.50 to C$12.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of C$12.64.
Shares of Tricon Capital Group (TSE:TCN) opened at 9.31 on Thursday. Tricon Capital Group has a one year low of $7.53 and a one year high of $11.09. The stock’s 50 day moving average price is $9.64 and its 200-day moving average price is $9.02. The company has a market cap of $1.04 billion and a PE ratio of 12.31.
About Tricon Capital Group
Tricon Capital Group Inc is an asset manager and principal investor focused on the residential real estate industry. The Company operates through five segments. Through Tricon Housing Partners, its land and homebuilding investment vertical, it invests or co-invests in private commingled funds, separate accounts and sidecars.
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