Firm Capital Mortgage Investment (TSE:FC) Stock Price Target Cut by National Bank Financial

Firm Capital Mortgage Investment (TSE:FC) had its price objective lowered by investment analysts at National Bank Financial from C$12.00 to C$11.00 in a research report issued to clients and investors on Wednesday, BayStreet reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial‘s target price suggests a potential upside of 4.07% from the company’s previous close.

Separately, TD dropped their price objective on Firm Capital Mortgage Investment from C$13.00 to C$12.50 and set a “buy” rating on the stock in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.75.

Firm Capital Mortgage Investment Stock Down 1.5%

Firm Capital Mortgage Investment stock traded down C$0.16 during mid-day trading on Wednesday, reaching C$10.57. 64,931 shares of the company were exchanged, compared to its average volume of 63,375. The business has a fifty day moving average of C$11.34 and a 200 day moving average of C$11.87. The company has a debt-to-equity ratio of 34.45, a quick ratio of 17.11 and a current ratio of 0.14. The firm has a market cap of C$388.34 million, a P/E ratio of 11.13 and a beta of 0.59. Firm Capital Mortgage Investment has a 12-month low of C$10.46 and a 12-month high of C$12.46.

Firm Capital Mortgage Investment (TSE:FC) last announced its quarterly earnings results on Thursday, August 13th. The company reported C$0.23 earnings per share (EPS) for the quarter. The business had revenue of C$13.56 million for the quarter. Firm Capital Mortgage Investment had a return on equity of 8.24% and a net margin of 57.32%. Research analysts anticipate that Firm Capital Mortgage Investment will post 1.07 earnings per share for the current fiscal year.

About Firm Capital Mortgage Investment

Firm Capital Mortgage Investment Corp is a Canadian financial provider. It acts as a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine, and equity investments. The company provides construction, equity and conventional real estate finance for include residential houses, small multi-family residential properties, mixed-use residential and others to the builder, developer, and real estate owner marketplace along with a high level of personal service to real estate investors.