Home Capital Group (TSE:HCG) was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating in a report issued on Thursday. They presently have a C$18.50 price objective on the stock. Raymond James’ price target would suggest a potential upside of 18.29% from the company’s previous close.
Other analysts also recently issued research reports about the stock. TD Securities downgraded shares of Home Capital Group from a “buy” rating to a “hold” rating and set a C$19.00 price objective for the company. in a research report on Thursday, November 8th. CIBC raised their price objective on shares of Home Capital Group from C$16.00 to C$18.00 in a research report on Thursday, November 8th. Royal Bank of Canada raised their price objective on shares of Home Capital Group from C$16.00 to C$20.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 8th. National Bank Financial reduced their price objective on shares of Home Capital Group from C$16.50 to C$15.50 and set a “sector perform” rating for the company in a research report on Tuesday, October 30th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a C$17.00 price objective on shares of Home Capital Group in a research report on Thursday, November 8th. Six investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average price target of C$18.29.
Home Capital Group stock traded up C$0.03 during mid-day trading on Thursday, hitting C$15.64. 191,338 shares of the stock were exchanged, compared to its average volume of 298,780. Home Capital Group has a 12 month low of C$12.48 and a 12 month high of C$17.92. The firm has a market cap of $956.42 million and a price-to-earnings ratio of 9.87.
Home Capital Group (TSE:HCG) last released its quarterly earnings results on Wednesday, November 7th. The company reported C$0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.37 by C$0.04. The firm had revenue of C$105.09 million for the quarter, compared to the consensus estimate of C$99.80 million. Equities research analysts expect that Home Capital Group will post 2.08999983192758 EPS for the current fiscal year.
Home Capital Group Company Profile
Home Capital Group Inc, through its subsidiary, Home Trust Company, provides deposit, mortgage lending, retail credit, and credit card issuing services in Canada. It offers various deposit products, such as savings accounts; and single-family residential and insured residential lending, as well as residential and non-residential commercial mortgage lending services.
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