Home Capital Group Inc Forecasted to Earn FY2017 Earnings of $2.72 Per Share (HCG)
Home Capital Group Inc (TSE:HCG) – Investment analysts at National Bank Financial boosted their FY2017 EPS estimates for Home Capital Group in a report issued on Monday. National Bank Financial analyst J. Gloyn now anticipates that the company will earn $2.72 per share for the year, up from their previous estimate of $2.69. National Bank Financial currently has a “Sector Perform” rating and a $14.50 target price on the stock. National Bank Financial also issued estimates for Home Capital Group’s FY2019 earnings at $1.55 EPS.
Other analysts have also issued research reports about the company. Scotiabank assumed coverage on Home Capital Group in a research note on Friday, June 30th. They issued a “sector perform” rating and a C$18.00 price target on the stock. Laurentian boosted their price target on Home Capital Group from C$17.00 to C$20.00 in a research note on Wednesday, September 13th. Royal Bank Of Canada lowered Home Capital Group from a “speculative buy” rating to a “sector perform” rating and boosted their price target for the company from C$14.00 to C$15.00 in a research note on Friday, August 25th. CIBC set a C$17.00 price target on Home Capital Group and gave the company a “neutral” rating in a research note on Monday, September 25th. Finally, Laurentian Bank of Canada boosted their price target on Home Capital Group from C$17.00 to C$20.00 in a research note on Wednesday, September 13th. Eight research analysts have rated the stock with a hold rating, Home Capital Group has an average rating of “Hold” and a consensus price target of C$17.67.
Shares of Home Capital Group (TSE:HCG) opened at 13.38 on Wednesday. The firm has a market capitalization of $1.07 billion and a price-to-earnings ratio of 13.67. The company’s 50 day moving average price is $13.79 and its 200 day moving average price is $13.40. Home Capital Group has a 52-week low of $5.06 and a 52-week high of $32.26.
In related news, Director Alan Roy Hibben purchased 4,000 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were acquired at an average price of C$13.93 per share, with a total value of C$55,720.00.
Home Capital Group Company Profile
Home Capital Group Inc is a Canada-based holding company that operates through its subsidiary, Home Trust Company (Home Trust), which offers deposits, residential and non-residential commercial mortgage lending and consumer lending. It offers deposits through brokers and financial planners, and through its direct-to-consumer deposit brand, Oaken Financial.
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