Currently, Tricon Residential Inc [TCN] is trading at $11.17, up 0.09%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TCN shares have gain 0.18% over the last week, with a monthly amount glided 0.45%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Tricon Residential Inc [NYSE: TCN] stock has seen the most recent analyst activity on February 01, 2024, when Wolfe Research downgraded its rating to a Peer Perform. Previously, BMO Capital Markets downgraded its rating to Market Perform on January 22, 2024. On August 10, 2023, downgrade downgraded it’s rating to Sector Perform. Mizuho started tracking the stock assigning a Buy rating and suggested a price target of $9 on March 22, 2023. Wolfe Research upgraded its rating to a Outperform but $9.25 remained the price target by the analyst firm on March 14, 2023. Keefe Bruyette downgraded its rating to Mkt Perform for this stock on December 15, 2022, but kept the price target unchanged to $12.20. In a note dated December 08, 2022, Goldman downgraded an Neutral rating on this stock and revised its target price from $11 to $9.50.
This stock has fluctuated between a low of $6.53 and a high of $11.19 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $9.67 within the next 12 months. Tricon Residential Inc [NYSE: TCN] shares were valued at $11.17 at the most recent close of the market. An investor can expect a potential drop of -13.43% based on the average TCN price forecast.
Analyzing the TCN fundamentals
Trailing Twelve Months sales for Tricon Residential Inc [NYSE:TCN] were 857.07M which represents 274.09% growth. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at 0.4%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.65.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.15 points at the first support level, and at 11.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.18, and for the 2nd resistance point, it is at 11.20.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 3.57, the price to book ratio is 0.79 and price to earnings (TTM) ratio is 30.93.
