TheStreet Upgrades Tejon Ranch to Buy (TRC)
Tejon Ranch (NYSE:TRC) was upgraded by analysts at TheStreet from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, AnalystRatingsNetwork.com reports.
The analysts wrote, “Tejon Ranch (TRC) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
Tejon Ranch (NYSE:TRC) traded up 0.13% on Tuesday, hitting $30.99. 2,047 shares of the company’s stock traded hands. Tejon Ranch has a 1-year low of $24.9273 and a 1-year high of $33.2008. The stock has a 50-day moving average of $31.78 and a 200-day moving average of $29.56. The company has a market cap of $624.1 million and a price-to-earnings ratio of 93.79.
Tejon Ranch Co (NYSE:TRC) is a diversified real estate development and agribusiness company.
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