Scotiabank Reaffirms “Sector Perform” Rating for Enercare (ECI)
Shares of Enercare (TSE:ECI) traded up 0.73% during mid-day trading on Thursday, hitting $13.74. 193,959 shares of the company’s stock traded hands. Enercare has a 1-year low of $9.26 and a 1-year high of $13.95. The stock has a 50-day moving average of $13.15 and a 200-day moving average of $11.57. The company has a market cap of $803.4 million and a P/E ratio of 30.31.
Enercare (TSE:ECI) last issued its quarterly earnings data on Friday, August 15th. The company reported $0.13 earnings per share for the quarter, beating the analysts’ 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 aug 14 dividend, which is scheduled for Tuesday, September 30th. Investors of record on Friday, August 29th will be paid a dividend of $0.0604 per share. The ex-dividend date is Wednesday, August 27th.
A number of other firms have also recently commented on ECI. Analysts at TD Securities cut their price target on shares of Enercare from C$16.50 to C$16.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Enercare from C$14.00 to C$15.00 in a research note on Tuesday. They now have a “sector perform” rating on the stock. Finally, 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.
EnerCare Inc (TSE:ECI) operates its business in two segments: Rentals and Sub-metering.
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