Analysis and Insights
To determine whether TRNO is overvalued, we analyze its valuation metrics, recent performance, and analyst sentiment.
Valuation Metrics:
TRNO's current valuation metrics suggest a premium relative to its peers:
- P/E Ratio: 34.59 (trailing-12-months)
- EV/EBITDA: 47.51
- P/S Ratio: 16.89
- P/B Ratio: 1.83
- Dividend Yield: 2.5%
These metrics indicate a higher valuation compared to industry averages, suggesting potential overvaluation.
Analyst Sentiment:
Recent analyst ratings show mixed sentiment:
- Goldman Sachs upgraded TRNO to Buy with a $77 price target, citing strong fundamentals and growth prospects.
- Barclays downgraded TRNO to Hold, citing valuation concerns.
- The average analyst price target is $66.92, representing a -0.59% downside from the current price.
Market Performance:
TRNO's stock has shown a one-year high of $71.63 and a low of $53.78, with an average trading volume of 1.29 million shares.
Conclusion:
Based on the high valuation metrics and mixed analyst sentiment, TRNO appears overvalued. While the company has strong fundamentals, the current price may already reflect future growth expectations, leaving limited upside potential.