Brokers Set Expectations for Tricon Capital Group Inc’s FY2016 Earnings (TCN)

Tricon Capital Group Inc (TSE:TCN) – Stock analysts at National Bank Financial raised their FY2016 EPS estimates for shares of Tricon Capital Group in a research report issued on Tuesday. National Bank Financial analyst T. Johnson now expects that the brokerage will post earnings per share of $0.70 for the year, up from their previous estimate 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.

Several other research firms also recently issued reports on TCN. Royal Bank Of Canada reiterated an “outperform” rating on shares of Tricon Capital Group in a research note on Wednesday. TD Securities upped their price target on Tricon Capital Group from C$11.50 to C$12.00 and gave the stock a “buy” rating in a research note on Friday, August 12th. Finally, Canaccord Genuity reiterated a “buy” rating and set a C$12.00 price target on shares of Tricon Capital Group in a research note on Friday, August 12th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Tricon Capital Group presently has a consensus rating of “Buy” and an average price target of C$12.64.

Earnings History and Estimates for Tricon Capital Group (TSE:TCN)

Tricon Capital Group (TSE:TCN) opened at 9.31 on Thursday. Tricon Capital Group has a 52 week low of $7.53 and a 52 week high of $11.09. The company has a market capitalization of $1.04 billion and a P/E ratio of 12.31. The company’s 50-day moving average price is $9.64 and its 200-day moving average price is $9.02.

Tricon Capital Group Company Profile

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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