Home Capital Group (TSE:HCG) Downgraded by National Bankshares to Sector Perform

National Bankshares lowered shares of Home Capital Group (TSE:HCGGet Rating) from an outperform rating to a sector perform rating in a research report sent to investors on Friday, BayStreet.CA reports. They currently have C$31.00 price target on the stock, down from their prior price target of C$35.00.

Several other brokerages also recently weighed in on HCG. TD Securities decreased their target price on Home Capital Group from C$50.00 to C$47.00 and set a buy rating for the company in a research note on Thursday, May 5th. Scotiabank dropped their target price on Home Capital Group from C$47.00 to C$43.00 in a report on Thursday, May 5th. Raymond James raised Home Capital Group from a market perform rating to an outperform rating and dropped their target price for the stock from C$52.00 to C$48.00 in a report on Thursday, May 5th. BMO Capital Markets dropped their price target on Home Capital Group from C$51.00 to C$44.00 in a report on Thursday, May 5th. Finally, Royal Bank of Canada dropped their price target on Home Capital Group from C$50.00 to C$46.00 and set an outperform rating for the company in a report on Thursday, May 5th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of C$44.86.

Home Capital Group Trading Down 1.7 %

TSE:HCG opened at C$26.76 on Friday. The firm has a market capitalization of C$1.14 billion and a price-to-earnings ratio of 5.87. Home Capital Group has a 1-year low of C$23.83 and a 1-year high of C$46.92. The business’s fifty day moving average price is C$26.35 and its 200 day moving average price is C$32.11.

Home Capital Group (TSE:HCGGet Rating) last issued its earnings results on Wednesday, May 4th. The company reported C$1.02 EPS for the quarter, missing analysts’ consensus estimates of C$1.18 by C($0.16). The business had revenue of C$125.69 million during the quarter, compared to analysts’ expectations of C$130.50 million. Equities analysts forecast that Home Capital Group will post 5.6600003 earnings per share for the current year.

Home Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Tuesday, August 30th. Home Capital Group’s dividend payout ratio (DPR) is currently 3.29%.

Home Capital Group Company Profile

(Get Rating)

Home Capital Group Inc, through its subsidiary, Home Trust Company, provides residential and nonresidential mortgage lending, securitization of residential mortgage products, consumer lending, and credit card services in Canada. It offers deposits through brokers and financial planners under the Oaken Financial brand.

Further Reading

Analyst Recommendations for Home Capital Group (TSE:HCG)

Receive News & Ratings for Home Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.