Home Capital Group Receives Consensus Recommendation of “Hold” from Brokerages (TSE:HCG)
Home Capital Group (TSE:HCG) has been given a consensus recommendation of “Hold” by the ten brokerages that are presently covering the company, StockRatingsNetwork.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$62.13.
Several analysts have recently commented on the stock. Analysts at National Bank Financial raised their price target on shares of Home Capital Group from C$51.00 to C$55.00 in a research note on Friday. They now have a “sector perform” rating on the stock. Separately, analysts at Cormark upgraded shares of Home Capital Group from a “market perform” rating to a “buy” rating in a research note on Friday. Finally, 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.
Home Capital Group (TSE:HCG) opened at 52.64 on Friday. Home Capital Group has a one year low of $30.39 and a one year high of $53.89. The stock’s 50-day moving average is $48.89 and its 200-day moving average is $45.31. The company has a market cap of $3.658 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 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.01 by $0.03. Analysts expect that Home Capital Group will post $4.22 EPS for the current fiscal year.
The company also recently announced a Quarterly dividend, which is scheduled for Monday, September 1st. Investors of record on Monday, September 1st will be paid a dividend of $0.18 per share. This represents a dividend yield of 1.39%. The ex-dividend date is Thursday, August 7th.
Home Capital Group Inc (TSE:HCG) is a Canada-based holding company.
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