StockNews.com downgraded shares of Tejon Ranch (NYSE:TRC – Get Rating) from a hold rating to a sell rating in a report issued on Wednesday.
Separately, TheStreet upgraded Tejon Ranch from a c rating to a b+ rating in a research note on Monday, November 28th.
Tejon Ranch Stock Down 2.9 %
Shares of NYSE TRC opened at $17.70 on Wednesday. Tejon Ranch has a 52-week low of $14.31 and a 52-week high of $20.65. The firm has a market capitalization of $471.35 million, a price-to-earnings ratio of 30.52 and a beta of 0.69. The stock has a 50 day moving average price of $19.52 and a 200 day moving average price of $18.01. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.62 and a current ratio of 6.90.
Hedge Funds Weigh In On Tejon Ranch
Tejon Ranch Company Profile
Tejon Ranch Co engages in real estate development and agribusiness. It operates through the following segments: Real Estate-Commercial and Industrial, Real Estate-Resort and Residential, Mineral Resources, Farming, and Ranch Operations. The Real Estate-Commercial and Industrial segment’s activities include: the entitling, planning, and permitting of land for development, the construction of infrastructure, the construction of pre-leased buildings, the construction of buildings to be leased or sold, and the sale of land to third parties for their own development.
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