Home Capital Group Rating Increased to Buy at Cormark (HCG)
Shares of Home Capital Group (TSE:HCG) traded up 0.83% during mid-day trading on Friday, hitting $52.33. 141,181 shares of the company’s stock traded hands. Home Capital Group has a one year low of $30.39 and a one year high of $52.26. The stock’s 50-day moving average is $48.78 and its 200-day moving average is $45.. The company has a market cap of $3.666 billion and a P/E ratio of 13.52.
Home Capital Group (TSE:HCG) last posted its quarterly earnings results on Friday, August 1st. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.01 by $0.03. Analysts expect that Home Capital Group will post $4.17 EPS for the current fiscal year.
The company also recently declared a Quarterly dividend, which is scheduled for Monday, September 1st. Investors of record on Monday, September 1st will be given a dividend of $0.18 per share. This represents a yield of 1.39%. The ex-dividend date of this dividend is Thursday, August 7th.
A number of other firms have also recently commented on HCG. Analysts at TD Securities raised their price target on shares of Home Capital Group from C$54.00 to C$58.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Mackie raised their price target on shares of Home Capital Group from C$50.00 to C$56.00 in a research note on Friday. They now have a “hold” rating on the stock. Finally, analysts at NBF raised their price target on shares of Home Capital Group from C$51.00 to C$55.00 in a research note on Friday. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of C$62.13.
Home Capital Group Inc (TSE:HCG) is a Canada-based holding company.
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