Firm Capital Mortgage Investment (TSE:FC) Stock Gets Price Target Trim from TD

Firm Capital Mortgage Investment (TSE:FC) had its price target dropped by analysts at TD from C$12.50 to C$12.00 in a research report issued to clients and investors on Wednesday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. TD‘s price target indicates a potential upside of 12.89% from the stock’s previous close.

Separately, National Bank Financial lowered their price objective on Firm Capital Mortgage Investment from C$12.00 to C$11.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 28th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$11.50.

Firm Capital Mortgage Investment Stock Up 2.0%

TSE:FC traded up C$0.21 during midday trading on Wednesday, reaching C$10.63. 48,153 shares of the stock traded hands, compared to its average volume of 64,741. Firm Capital Mortgage Investment has a 12-month low of C$10.28 and a 12-month high of C$12.46. The business has a 50-day moving average of C$11.08 and a two-hundred day moving average of C$11.79. The company has a debt-to-equity ratio of 32.91, a quick ratio of 17.11 and a current ratio of 0.20. The stock has a market capitalization of C$390.55 million, a PE ratio of 11.19 and a beta of 0.53.

Firm Capital Mortgage Investment (TSE:FC) last released its quarterly earnings results on Thursday, November 5th. The company reported C$0.23 earnings per share (EPS) for the quarter. The business had revenue of C$14.18 million for the quarter. Firm Capital Mortgage Investment had a net margin of 59.13% and a return on equity of 8.14%. On average, equities analysts forecast 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.