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 reduced by research analysts at TD from C$13.00 to C$12.50 in a report released on Wednesday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. TD’s price objective would indicate a potential upside of 15.74% from the company’s current price.

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

Firm Capital Mortgage Investment Stock Performance

Shares of TSE:FC traded down C$0.05 during trading on Wednesday, reaching C$10.80. 62,223 shares of the stock were exchanged, compared to its average volume of 62,332. Firm Capital Mortgage Investment has a 12 month low of C$10.60 and a 12 month high of C$12.46. The stock has a 50-day moving average price of C$11.55 and a 200-day moving average price of C$11.87. The company has a current ratio of 0.14, a quick ratio of 17.11 and a debt-to-equity ratio of 34.45. The firm has a market cap of C$396.79 million, a PE ratio of 11.37 and a beta of 0.59.

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