TD Securities Boosts Firm Capital Mortgage Investment (TSE:FC) Price Target to C$13.00

Firm Capital Mortgage Investment (TSE:FC) had its price target lifted by TD Securities from C$12.00 to C$13.00 in a report released on Monday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Firm Capital Mortgage Investment Stock Performance

Shares of FC opened at C$11.46 on Monday. The company has a market cap of C$395.26 million, a PE ratio of 11.69 and a beta of 1.03. The company has a debt-to-equity ratio of 45.79, a current ratio of 10.05 and a quick ratio of 17.11. The firm has a 50-day moving average of C$11.43 and a 200-day moving average of C$10.65. Firm Capital Mortgage Investment has a one year low of C$9.41 and a one year high of C$11.85.

Firm Capital Mortgage Investment (TSE:FC) last announced its earnings results on Wednesday, March 20th. The company reported C$0.24 EPS for the quarter. The business had revenue of C$18.11 million during the quarter. Firm Capital Mortgage Investment had a net margin of 73.49% and a return on equity of 8.56%. As a group, equities analysts forecast that Firm Capital Mortgage Investment will post 1.0297297 earnings per share for the current year.

Firm Capital Mortgage Investment Company Profile

Firm Capital Mortgage Investment Corporation, through its mortgage banker, Firm Capital Corporation, provides residential and commercial short-term bridge, and conventional real estate finance in Canada. The company engages in originating, funding, purchasing, and servicing mortgage investments. It also offers mortgage services, such as real estate financing, real estate investment financing, capital market, and loan servicing and advisory services; and a line of lending programs, including construction and development lending, investment property financing, short term lending, bridge finance, mezzanine and equity investments, capital market facilities, alternative residential lending program, and infill construction lending program.