Firm Capital Mortgage Investment (TSE:FC) Given New C$12.50 Price Target at TD

Firm Capital Mortgage Investment (TSE:FC) had its price target dropped by stock analysts at TD from C$13.00 to C$12.50 in a report released on Wednesday, BayStreet reports. The firm currently has a “buy” rating on the stock. TD’s price objective suggests a potential upside of 15.74% from the company’s current price.

Separately, National Bank Financial set a C$12.00 target price on shares of Firm Capital Mortgage Investment and gave the company an “outperform” rating in a research report on Monday, June 29th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Firm Capital Mortgage Investment currently has an average rating of “Buy” and a consensus price target of C$12.25.

Firm Capital Mortgage Investment Price Performance

FC stock traded down C$0.05 during midday trading on Wednesday, reaching C$10.80. The company had a trading volume of 62,223 shares, compared to its average volume of 62,332. The company has a market capitalization of C$396.79 million, a price-to-earnings ratio of 11.37 and a beta of 0.59. The stock has a 50 day moving average price of C$11.55 and a 200-day moving average price of C$11.87. Firm Capital Mortgage Investment has a 1-year low of C$10.60 and a 1-year high of C$12.46. The company has a debt-to-equity ratio of 34.45, a current ratio of 0.14 and a quick ratio of 17.11.

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

Firm Capital Mortgage Investment Company Profile

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.