Cormark Comments on Home Capital Group Inc’s Q3 2016 Earnings (HCG)
Home Capital Group Inc (TSE:HCG) – Cormark lowered their Q3 2016 earnings per share (EPS) estimates for shares of Home Capital Group in a research report issued on Thursday. Cormark analyst J. Fenwick now anticipates that the brokerage will post earnings per share of $1.02 for the quarter, down from their previous forecast of $1.04. Cormark has a “Buy” rating on the stock. Cormark also issued estimates for Home Capital Group’s Q4 2016 earnings at $1.04 EPS, Q1 2017 earnings at $1.01 EPS, Q2 2017 earnings at $1.04 EPS, Q3 2017 earnings at $1.05 EPS, Q4 2017 earnings at $1.06 EPS and FY2017 earnings at $4.16 EPS.
Several other brokerages have also issued reports on HCG. RBC Capital Markets lowered their price objective on shares of Home Capital Group from C$33.00 to C$28.00 and set a “sector perform” rating for the company in a report on Thursday, October 6th. TD Securities decreased their target price on shares of Home Capital Group from C$45.00 to C$40.00 and set a “buy” rating on the stock in a research note on Thursday, July 28th. Royal Bank Of Canada decreased their target price on shares of Home Capital Group from C$35.00 to C$33.00 in a research note on Thursday, July 28th. National Bank Financial decreased their target price on shares of Home Capital Group from C$38.00 to C$35.00 in a research note on Monday, July 25th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a C$36.00 target price on shares of Home Capital Group in a research note on Thursday, August 25th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of C$34.14.
Shares of Home Capital Group (TSE:HCG) traded down 0.77% during trading on Friday, reaching $24.55. 157,523 shares of the company’s stock traded hands. The company has a market cap of $1.61 billion and a price-to-earnings ratio of 6.22. Home Capital Group has a 52-week low of $22.87 and a 52-week high of $39.84. The company’s 50-day moving average is $27.68 and its 200 day moving average is $31.53.
In related news, Director John M. Marsh sold 36,000 shares of the company’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of C$29.50, for a total value of C$1,062,000.00.
About Home Capital Group
Home Capital Group Inc is a Canada-based holding company, which operates primarily through its subsidiary, Home Trust Company (Home Trust). The Company, through its subsidiary, offers residential and non-residential mortgage lending, securitization of insured residential first mortgage products, consumer lending and credit card products.
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