Home Capital Group (TSE:HCG) had its target price lifted by National Bank Financial from C$23.00 to C$25.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Home Capital Group’s FY2020 earnings at $2.77 EPS.
Several other equities research analysts have also issued reports on the company. Royal Bank of Canada raised their target price on Home Capital Group from C$20.00 to C$25.00 and gave the company a sector perform rating in a research report on Monday, July 22nd. M Partners reaffirmed a buy rating on shares of Home Capital Group in a research report on Monday, May 6th. BMO Capital Markets increased their price target on Home Capital Group from C$23.00 to C$25.00 in a research note on Thursday. TD Securities increased their price target on Home Capital Group from C$23.00 to C$24.00 and gave the stock a hold rating in a research note on Thursday. Finally, CIBC increased their price target on Home Capital Group from C$23.00 to C$25.00 in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of C$24.75.
Shares of Home Capital Group stock traded up C$0.26 during trading hours on Thursday, hitting C$24.96. 249,109 shares of the company’s stock traded hands, compared to its average volume of 301,309. Home Capital Group has a 12-month low of C$12.48 and a 12-month high of C$25.45. The stock has a market capitalization of $1.88 billion and a PE ratio of 14.92. The stock’s fifty day moving average is C$21.32.
Home Capital Group (TSE:HCG) last announced its earnings results on Wednesday, May 8th. The company reported C$0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.48 by C($0.03). The firm had revenue of C$103.82 million during the quarter, compared to analysts’ expectations of C$104.50 million. Research analysts forecast that Home Capital Group will post 2.5099997 EPS for the current year.
About Home Capital Group
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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