RBC Capital Boosts Enercare Price Target to C$15.00 (ECI)
RBC Capital hoisted their price objective on shares of Enercare (TSE:ECI) from C$14.00 to C$15.00 in a research note issued on Tuesday. RBC Capital’s target price suggests a potential upside of 10.95% from the stock’s previous close.
Shares of Enercare (TSE:ECI) traded up 0.07% during mid-day trading on Tuesday, hitting $13.53. The stock had a trading volume of 204,240 shares. Enercare has a 52 week low of $9.26 and a 52 week 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 $791.1 million and a price-to-earnings ratio of 30.04.
Enercare (TSE:ECI) last announced its earnings results 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. Analysts expect that Enercare will post $0.42 EPS for the current fiscal year.
The company also recently announced a jul 14 dividend, which is scheduled for Friday, August 29th. Investors of record on Thursday, July 31st will be paid a dividend of $0.0604 per share. The ex-dividend date is Tuesday, July 29th.
Several other analysts have also recently commented on the stock. Analysts at Desjardins initiated coverage on shares of Enercare in a research note on Tuesday. They set a “hold” rating and a C$14.00 price target on the stock. Separately, 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. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.