National Bank Financial Issues Pessimistic Forecast for Atrium Mortgage Investment (TSE:AI) Stock Price

Atrium Mortgage Investment (TSE:AI) had its target price decreased by investment analysts at National Bank Financial from C$12.00 to C$11.50 in a report released on Wednesday, BayStreet reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial‘s price target points to a potential upside of 2.50% from the company’s previous close.

AI has been the subject of a number of other research reports. Fundamental Research set a C$12.82 price objective on shares of Atrium Mortgage Investment and gave the company a “buy” rating in a research report on Tuesday, August 11th. TD cut their price target on Atrium Mortgage Investment from C$13.00 to C$12.50 and set a “buy” rating for the company in a report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$12.58.

Atrium Mortgage Investment Stock Performance

Atrium Mortgage Investment stock traded down C$0.07 during mid-day trading on Wednesday, reaching C$11.22. The company had a trading volume of 63,273 shares, compared to its average volume of 121,810. The company has a quick ratio of 102.54, a current ratio of 3.72 and a debt-to-equity ratio of 55.94. The firm has a market cap of C$542.44 million, a price-to-earnings ratio of 11.33 and a beta of 0.61. The company has a 50 day moving average of C$11.38 and a 200-day moving average of C$11.70. Atrium Mortgage Investment has a 52 week low of C$10.98 and a 52 week high of C$12.36.

Atrium Mortgage Investment Company Profile

Atrium is a non-bank provider of residential and commercial mortgages that lends in major urban centres in Canada where the stability and liquidity of real estate are high. Atrium’s objectives are to provide its shareholders with stable and secure dividends and preserve shareholders’ equity by lending within conservative risk parameters. Atrium is a Mortgage Investment Corporation (‘MIC’) as defined in the Canada Income Tax Act, so is not taxed on income provided that its taxable income is paid to its shareholders in the form of dividends within 90 days after December 31 each year.