Home Capital Group Inc (TSE:HCG) – Research analysts at Cormark dropped their Q3 2016 earnings estimates for shares of Home Capital Group in a research report issued on Thursday. Cormark analyst J. Fenwick now anticipates that the firm will earn $1.02 per share for the quarter, down from their previous estimate 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.
Other research analysts also recently issued reports about the company. Royal Bank Of Canada reduced their target price on Home Capital Group from C$35.00 to C$33.00 in a research note on Thursday, July 28th. National Bank Financial dropped their price target on Home Capital Group from C$35.00 to C$31.00 in a research report on Sunday, July 31st. Scotiabank reiterated a “sector perform” rating and set a C$40.00 price target on shares of Home Capital Group in a research report on Thursday, July 28th. TD Securities dropped their price target on Home Capital Group from C$45.00 to C$40.00 and set a “buy” rating for the company in a research report on Thursday, July 28th. Finally, RBC Capital Markets dropped their price target on Home Capital Group from C$35.00 to C$33.00 in a research report on Thursday, July 28th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$34.14.
Shares of Home Capital Group (TSE:HCG) traded down 0.77% during mid-day trading on Friday, reaching $24.55. The company had a trading volume of 157,523 shares. The company has a market capitalization of $1.61 billion and a PE ratio of 6.22. The stock’s 50-day moving average price is $27.68 and its 200 day moving average price is $31.53. Home Capital Group has a 1-year low of $22.87 and a 1-year high of $39.84.
In other Home Capital Group news, Director John M. Marsh sold 36,000 shares of the company’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of C$29.50, for a total value of C$1,062,000.00.
Home Capital Group Company Profile
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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