Tricon Residential (TCN) Stock Forecast, Price Target & Predictions
TCN Stock Forecast
Tricon Residential stock forecast is as follows: an average price target of $9.67 (represents a -14.04% downside from TCN’s last price of $11.25) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.
TCN Price Target
The average price target for Tricon Residential (TCN) is $9.67 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $11.00 to $8.50. This represents a potential -14.04% downside from TCN's last price of $11.25.
TCN Analyst Ratings
According to 10 Wall Street analysts, Tricon Residential's rating consensus is 'Buy'. The analyst rating breakdown for TCN stock is 0 'Strong Buy' (0.00%), 6 'Buy' (60.00%), 4 'Hold' (40.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Tricon Residential Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Dec 12, 2022 | - | Morgan Stanley | $8.50 | $7.62 | 11.56% | -24.44% |
| Dec 08, 2022 | - | Goldman Sachs | $9.50 | $8.15 | 16.56% | -15.56% |
| Nov 14, 2022 | - | RBC Capital | $11.00 | $9.02 | 21.95% | -2.22% |
The latest Tricon Residential stock forecast, released on Dec 12, 2022 by Morgan Stanley company, set a price target of $8.50, which represents a 11.56% increase from the stock price at the time of the forecast ($7.62), and a -24.44% decrease from TCN last price ($11.25).
Tricon Residential Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $11.25 | $11.25 | $11.25 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of Tricon Residential stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Tricon Residential's last price of $11.25. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Mar 13, 2023 | Wolfe Research | Peer Perform | Outperform | Upgrade |
| Dec 12, 2022 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Dec 08, 2022 | Goldman Sachs | - | Neutral | Downgrade |
| Nov 29, 2022 | Wolfe Research | - | Peer Perform | Initialise |
| Nov 14, 2022 | RBC Capital | Outperform | Outperform | Hold |
| Sep 19, 2022 | Wells Fargo | - | Equal-Weight | Downgrade |
| Sep 19, 2022 | Jefferies | - | Buy | Upgrade |
| Sep 19, 2022 | Susquehanna | - | Neutral | Downgrade |
| Sep 19, 2022 | Citigroup | - | Buy | Upgrade |
| Aug 22, 2022 | National Bank | Outperform | Outperform | Hold |
Tricon Residential's last stock rating was published by Wolfe Research on Mar 13, 2023. The company Upgrade its TCN rating from "Peer Perform" to "Outperform".
Tricon Residential Financial Forecast
Tricon Residential Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | $203.63M | $195.71M | $283.24M | $175.52M | $151.20M | $141.05M | $124.95M | $119.03M | $107.40M | $134.70M | $128.15M | $126.24M | $11.72M | $11.32M | $9.37M | $7.49M |
| Avg Forecast | $164.00M | $159.00M | $156.00M | $154.00M | $124.92M | $122.50M | $120.71M | $118.90M | $116.72M | $103.78M | $113.15M | $110.34M | $111.45M | $108.08M | $107.73M | $99.94M | $102.44M | $94.77M | $82.13M | $102.29M | $107.09M | $103.93M | $109.31M | $61.85M | $66.15M | $50.40M | $53.77M |
| High Forecast | $164.00M | $159.00M | $156.00M | $154.00M | $124.92M | $122.50M | $120.71M | $118.90M | $116.72M | $103.78M | $113.15M | $110.34M | $111.45M | $108.08M | $107.73M | $99.94M | $102.44M | $94.77M | $82.13M | $102.29M | $107.09M | $103.93M | $109.31M | $61.85M | $66.15M | $50.40M | $53.77M |
| Low Forecast | $164.00M | $159.00M | $156.00M | $154.00M | $124.92M | $122.50M | $120.71M | $118.90M | $116.72M | $103.78M | $113.15M | $110.34M | $111.45M | $108.08M | $107.73M | $99.94M | $102.44M | $94.77M | $82.13M | $102.29M | $107.09M | $103.93M | $109.31M | $61.85M | $66.15M | $50.40M | $53.77M |
| # Analysts | - | - | - | - | - | - | - | 1 | 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.85% | 1.76% | 2.62% | 1.63% | 1.51% | 1.38% | 1.32% | 1.45% | 1.05% | 1.26% | 1.23% | 1.15% | 0.19% | 0.17% | 0.19% | 0.14% |
Tricon Residential's average Quarter revenue forecast for Jun 23 based on 0 analysts is $113.15M, with a low forecast of $113.15M, and a high forecast of $113.15M. TCN's average Quarter revenue forecast represents a -44.43% decrease compared to the company's last Quarter revenue of $203.63M (Mar 23).
Tricon Residential EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | 1 | 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | $105.70M | $98.15M | $190.16M | $92.07M | $69.45M | $201.14M | $310.38M | $232.88M | $35.15M | $152.76M | $118.98M | $64.12M | $55.24M | $47.43M | $24.46M | $38.03M |
| Avg Forecast | $92.94M | $90.11M | $88.41M | $87.27M | $70.80M | $69.42M | $68.41M | $67.38M | $66.15M | $58.81M | $64.13M | $62.53M | $63.16M | $61.25M | $61.05M | $56.64M | $58.06M | $53.71M | $46.54M | $57.97M | $60.69M | $58.90M | $61.95M | $35.05M | $37.49M | $28.56M | $30.47M |
| High Forecast | $92.94M | $90.11M | $88.41M | $87.27M | $70.80M | $69.42M | $68.41M | $67.38M | $66.15M | $58.81M | $64.13M | $62.53M | $63.16M | $61.25M | $61.05M | $56.64M | $58.06M | $53.71M | $46.54M | $57.97M | $60.69M | $58.90M | $61.95M | $35.05M | $37.49M | $28.56M | $30.47M |
| Low Forecast | $92.94M | $90.11M | $88.41M | $87.27M | $70.80M | $69.42M | $68.41M | $67.38M | $66.15M | $58.81M | $64.13M | $62.53M | $63.16M | $61.25M | $61.05M | $56.64M | $58.06M | $53.71M | $46.54M | $57.97M | $60.69M | $58.90M | $61.95M | $35.05M | $37.49M | $28.56M | $30.47M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.69% | 1.55% | 3.10% | 1.51% | 1.23% | 3.46% | 5.78% | 5.00% | 0.61% | 2.52% | 2.02% | 1.04% | 1.58% | 1.27% | 0.86% | 1.25% |
0 analysts predict TCN's average Quarter EBITDA for Jun 23 to be $64.13M, with a high of $64.13M and a low of $64.13M. This is -39.33% lower than Tricon Residential's previous annual EBITDA (Mar 23) of $105.70M.
Tricon Residential Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | 1 | 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | $26.96M | $57.71M | $175.59M | $415.83M | $162.35M | $126.98M | $200.84M | $145.52M | $41.90M | $79.68M | $57.61M | $17.05M | $44.06M | $31.66M | $11.93M | $23.92M |
| Avg Forecast | - | - | - | - | $41.08M | $43.82M | $41.08M | $41.08M | $39.71M | $24.65M | $23.28M | $27.38M | $78.05M | $39.25M | $39.71M | $39.71M | $36.97M | $167.37M | $35.60M | $36.97M | $42.45M | $42.45M | $39.24M | $51.56M | $56.56M | $51.21M | $54.77M |
| High Forecast | - | - | - | - | $41.08M | $43.82M | $41.08M | $41.08M | $39.71M | $24.65M | $23.28M | $27.38M | $78.05M | $39.25M | $39.71M | $39.71M | $36.97M | $200.84M | $35.60M | $36.97M | $42.45M | $42.45M | $39.24M | $51.56M | $56.56M | $51.21M | $54.77M |
| Low Forecast | - | - | - | - | $41.08M | $43.82M | $41.08M | $41.08M | $39.71M | $24.65M | $23.28M | $27.38M | $78.05M | $39.25M | $39.71M | $39.71M | $36.97M | $133.90M | $35.60M | $36.97M | $42.45M | $42.45M | $39.24M | $51.56M | $56.56M | $51.21M | $54.77M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 0.74% | 4.47% | 10.47% | 4.09% | 3.43% | 1.20% | 4.09% | 1.13% | 1.88% | 1.36% | 0.43% | 0.85% | 0.56% | 0.23% | 0.44% |
Tricon Residential's average Quarter net income forecast for Jun 23 is $23.28M, with a range of $23.28M to $23.28M. TCN's average Quarter net income forecast represents a -13.66% decrease compared to the company's last Quarter net income of $26.96M (Mar 23).
Tricon Residential SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | 1 | 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | $15.25M | $18.16M | $14.05M | $13.90M | $12.88M | $91.14M | $26.83M | $29.52M | $26.51M | $20.69M | $14.13M | $15.59M | $12.62M | $11.36M | $13.89M | $11.49M |
| Avg Forecast | $53.10M | $51.48M | $50.51M | $49.86M | $40.45M | $39.66M | $39.08M | $38.50M | $37.79M | $33.60M | $36.64M | $35.73M | $36.09M | $34.99M | $34.88M | $32.36M | $33.17M | $22.36M | $26.59M | $33.12M | $34.67M | $33.65M | $35.39M | $20.03M | $21.42M | $16.32M | $17.41M |
| High Forecast | $53.10M | $51.48M | $50.51M | $49.86M | $40.45M | $39.66M | $39.08M | $38.50M | $37.79M | $33.60M | $36.64M | $35.73M | $36.09M | $34.99M | $34.88M | $32.36M | $33.17M | $26.83M | $26.59M | $33.12M | $34.67M | $33.65M | $35.39M | $20.03M | $21.42M | $16.32M | $17.41M |
| Low Forecast | $53.10M | $51.48M | $50.51M | $49.86M | $40.45M | $39.66M | $39.08M | $38.50M | $37.79M | $33.60M | $36.64M | $35.73M | $36.09M | $34.99M | $34.88M | $32.36M | $33.17M | $17.89M | $26.59M | $33.12M | $34.67M | $33.65M | $35.39M | $20.03M | $21.42M | $16.32M | $17.41M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.43% | 0.50% | 0.40% | 0.40% | 0.40% | 2.75% | 1.20% | 1.11% | 0.80% | 0.60% | 0.42% | 0.44% | 0.63% | 0.53% | 0.85% | 0.66% |
Tricon Residential's average Quarter SG&A projection for Jun 23 is $36.64M, based on 0 Wall Street analysts, with a range of $36.64M to $36.64M. The forecast indicates a 140.25% rise compared to TCN last annual SG&A of $15.25M (Mar 23).
Tricon Residential EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | 1 | 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | $0.10 | $0.20 | $0.64 | $1.51 | $0.59 | $0.59 | $0.93 | $0.73 | $0.22 | $0.41 | $0.30 | $0.09 | $0.23 | $0.16 | $0.08 | $0.17 |
| Avg Forecast | - | - | - | - | $0.15 | $0.16 | $0.15 | $0.15 | $0.14 | $0.09 | $0.09 | $0.10 | $0.28 | $0.14 | $0.14 | $0.14 | $0.14 | $0.13 | $0.13 | $0.14 | $0.15 | $0.15 | $0.14 | $0.19 | $0.21 | $0.19 | $0.20 |
| High Forecast | - | - | - | - | $0.15 | $0.16 | $0.15 | $0.15 | $0.14 | $0.09 | $0.09 | $0.10 | $0.28 | $0.14 | $0.14 | $0.14 | $0.14 | $0.13 | $0.13 | $0.14 | $0.15 | $0.15 | $0.14 | $0.19 | $0.21 | $0.19 | $0.20 |
| Low Forecast | - | - | - | - | $0.15 | $0.16 | $0.15 | $0.15 | $0.14 | $0.09 | $0.09 | $0.10 | $0.28 | $0.14 | $0.14 | $0.14 | $0.14 | $0.13 | $0.13 | $0.14 | $0.15 | $0.15 | $0.14 | $0.19 | $0.21 | $0.19 | $0.20 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 0.70% | 4.47% | 10.41% | 4.07% | 4.37% | 7.15% | 5.62% | 1.63% | 2.65% | 1.94% | 0.63% | 1.22% | 0.77% | 0.43% | 0.85% |
According to 0 Wall Street analysts, Tricon Residential's projected average Quarter EPS for Jun 23 is $0.09, with a low estimate of $0.09 and a high estimate of $0.09. This represents a -15.00% decrease compared to TCN previous annual EPS of $0.10 (Mar 23).
Tricon Residential Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| HOUS | Anywhere Real Estate | $5.57 | $8.50 | 52.60% | Sell |
| RMAX | RE/MAX | $12.59 | $16.67 | 32.41% | Buy |
| CWK | Cushman & Wakefield | $13.47 | $17.50 | 29.92% | Buy |
| JLL | Jones Lang LaSalle | $257.27 | $273.33 | 6.24% | Buy |
| CIGI | Colliers Group | $145.05 | $150.00 | 3.41% | Buy |
| NMRK | Newmark Group | $14.93 | $14.00 | -6.23% | Buy |
| CBRE | CBRE Group | $120.35 | $112.80 | -6.27% | Hold |
| TCN | Tricon Residential | $11.25 | $9.67 | -14.04% | Buy |
| MMI | Marcus & Millichap | $39.79 | $26.00 | -34.66% | Buy |
TCN Forecast FAQ
Is Tricon Residential a good buy?
Yes, according to 10 Wall Street analysts, Tricon Residential (TCN) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 60.00% of TCN's total ratings.
What is TCN's price target?
Tricon Residential (TCN) average price target is $9.67 with a range of $8.5 to $11, implying a -14.04% from its last price of $11.25. The data is based on 10 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Tricon Residential stock go up soon?
According to Wall Street analysts' prediction for TCN stock, the company can go down by -14.04% (from the last price of $11.25 to the average price target of $9.67), down by -2.22% based on the highest stock price target, and down by -24.44% based on the lowest stock price target.
Can Tricon Residential stock reach $20?
TCN's average twelve months analyst stock price target of $9.67 does not support the claim that Tricon Residential can reach $20 in the near future.
What are Tricon Residential's analysts' financial forecasts?
Tricon Residential's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $487.03M (high $487.03M, low $487.03M), average EBITDA is $276.01M (high $276.01M, low $276.01M), average net income is $167.05M (high $167.05M, low $167.05M), average SG&A $157.69M (high $157.69M, low $157.69M), and average EPS is $0.61 (high $0.61, low $0.61). TCN's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $633M (high $633M, low $633M), average EBITDA is $358.73M (high $358.73M, low $358.73M), average net income is $0 (high $0, low $0), average SG&A $204.95M (high $204.95M, low $204.95M), and average EPS is $0 (high $0, low $0).
Did the TCN's actual financial results beat the analysts' financial forecasts?
Based on Tricon Residential's last annual report (Dec 2022), the company's revenue was $805.67M, beating the average analysts forecast of $427.2M by 88.59%. Apple's EBITDA was $406.83M, beating the average prediction of $242.1M by 68.04%. The company's net income was $808.94M, beating the average estimation of $196.71M by 311.23%. Apple's SG&A was $58.99M, missing the average forecast of $138.32M by -57.35%. Lastly, the company's EPS was $2.95, beating the average prediction of $0.718 by 310.67%. In terms of the last quarterly report (Mar 2023), Tricon Residential's revenue was $203.63M, beating the average analysts' forecast of $110.34M by 84.54%. The company's EBITDA was $105.7M, beating the average prediction of $62.53M by 69.03%. Tricon Residential's net income was $26.96M, missing the average estimation of $27.38M by -1.55%. The company's SG&A was $15.25M, missing the average forecast of $35.73M by -57.32%. Lastly, the company's EPS was $0.1, beating the average prediction of $0.1 by 0%