Home Capital Group Coverage Initiated by Analysts at Laurentian (HCG)
Stock analysts at Laurentian began coverage on shares of Home Capital Group (TSE:HCG) in a report issued on Tuesday. The firm set a “buy” rating and a C$63.00 price target on the stock. Laurentian’s price objective would suggest a potential upside of 15.64% from the company’s current price.
Home Capital Group (TSE:HCG) traded up 1.10% during mid-day trading on Tuesday, hitting $55.08. The stock had a trading volume of 51,657 shares. Home Capital Group has a 1-year low of $30.80 and a 1-year high of $55.94. The stock’s 50-day moving average is $50.82 and its 200-day moving average is $46.5. The company has a market cap of $3.859 billion and a price-to-earnings ratio of 13.59.
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. On average, analysts predict that Home Capital Group will post $4.24 earnings per share 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 analysts have also recently weighed in on HCG. Analysts at LB Securities initiated coverage on shares of Home Capital Group in a research note on Tuesday. They set a “buy” rating and a C$63.00 price target on the stock. Separately, 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, August 1st. They now have a “sector perform” rating on the stock. Finally, analysts at Cormark upgraded shares of Home Capital Group from a “market perform” rating to a “buy” rating in a research note on Friday, August 1st. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$62.30.
Home Capital Group Inc (TSE:HCG) is a Canada-based holding company.
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