National Bank Financial Analysts Give Mainstreet Equity (TSE:MEQ) a C$215.00 Price Target

National Bank Financial set a C$215.00 price target on Mainstreet Equity (TSE:MEQ) in a research note issued to investors on Friday,BayStreet reports. The firm currently has an outperform rating on the stock.

Separately, Canadian Imperial Bank of Commerce set a C$210.00 price objective on shares of Mainstreet Equity and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$224.50.

Mainstreet Equity Stock Down 1.1%

Shares of MEQ opened at C$173.13 on Friday. The company has a debt-to-equity ratio of 95.85, a quick ratio of 0.81 and a current ratio of 0.65. The stock has a market capitalization of C$1.60 billion, a price-to-earnings ratio of 9.21 and a beta of 0.79. The stock has a 50 day moving average price of C$168.60 and a 200 day moving average price of C$173.38. Mainstreet Equity has a one year low of C$160.08 and a one year high of C$191.62.

Mainstreet Equity (TSE:MEQ) last released its earnings results on Wednesday, August 5th. The company reported C$3.64 earnings per share for the quarter. The firm had revenue of C$73.17 million during the quarter. Mainstreet Equity had a return on equity of 9.49% and a net margin of 60.99%. Equities research analysts forecast that Mainstreet Equity will post 8.19 earnings per share for the current fiscal year.

About Mainstreet Equity

Mainstreet Equity Corp. (“Mainstreet”) is a Calgary-based real estate operating company, traded on the Toronto Stock Exchange (TSX: MEQ). Mainstreet is a top provider of high-quality, affordable multi-family rental units in western Canada, covering BC, AB, SK, and MB, with year-to-date holdings of over 19,100 units. The company’s long-term value is anchored by a counter-cyclical strategy to aggressively acquire undervalued units at distressed prices, using low-cost capital. Once acquired, Mainstreet rapidly stabilizes the assets to minimize cycle times and boost net operating income.