Desjardins Begins Coverage on Enercare (ECI)
Stock analysts at Desjardins began coverage on shares of Enercare (TSE:ECI) in a report issued on Tuesday. The firm set a “hold” rating and a C$14.00 price target on the stock. Desjardins’ price objective would indicate a potential upside of 3.55% from the stock’s previous close.
Shares of Enercare (TSE:ECI) remained flat at $13.52 during during mid-day trading trading on Tuesday. The stock had a trading volume of 290,679 shares. Enercare has a one year low of $9.26 and a one year high of $13.95. The stock has a 50-day moving average of $13.07 and a 200-day moving average of $11.5. The company has a market cap of $790.5 million and a P/E ratio of 30.04.
Enercare (TSE:ECI) last released its earnings data on Friday, August 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. On average, analysts predict that Enercare will post $0.42 earnings per share for the current fiscal year.
The company also recently declared a jul 14 dividend, which is scheduled for Friday, August 29th. Investors of record on Thursday, July 31st will be given a dividend of $0.0604 per share. The ex-dividend date of this dividend is Tuesday, July 29th.
Several other analysts have also recently commented on the stock. Analysts at TD Securities raised their price target on shares of Enercare from C$15.00 to C$16.50 in a research note on Monday, July 21st. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Enercare from C$12.00 to C$14.00 in a research note on Saturday, July 19th. They now have a “sector perform” rating on the stock. Finally, analysts at Scotiabank raised their price target on shares of Enercare from C$14.00 to C$15.00 in a research note on Friday, July 18th. They now have a “sector perform” rating on the stock.
EnerCare Inc (TSE:ECI) operates its business in two segments: Rentals and Sub-metering.
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