Firm Capital Mortgage Investment (TSE:FC) Price Target Cut to C$11.00 by Analysts at National Bank Financial

Key Points

• National Bank Financial cut Firm Capital Mortgage Investment’s price target from C$12.00 to C$11.00 while maintaining a “sector perform” rating, implying about 4.07% upside from the prior close.
• TD also lowered its target, from C$13.00 to C$12.50, but retained a “buy” rating. The stock has an overall “Moderate Buy” consensus rating and an average price target of C$11.75.
• Shares fell 1.5% to C$10.57, near their 12-month low of C$10.46. The company reported quarterly EPS of C$0.23 on C$13.56 million in revenue, with analysts expecting C$1.07 EPS for the full fiscal year.

Firm Capital Mortgage Investment (TSE:FC - Get Free Report) had its price objective reduced by stock analysts at National Bank Financial from C$12.00 to C$11.00 in a research note issued to investors on Wednesday, BayStreet reports. The brokerage presently has a "sector perform" rating on the stock. National Bank Financial's target price points to a potential upside of 4.07% from the stock's previous close.

Separately, TD reduced their target price on shares of Firm Capital Mortgage Investment from C$13.00 to C$12.50 and set a "buy" rating on the stock in a research report on Wednesday, October 14th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Firm Capital Mortgage Investment presently has an average rating of "Moderate Buy" and an average price target of C$11.75.

Firm Capital Mortgage Investment Trading Down 1.5%

Shares of TSE:FC traded down C$0.16 on Wednesday, hitting C$10.57. 64,931 shares of the company's stock were exchanged, compared to its average volume of 63,375. Firm Capital Mortgage Investment has a 12 month low of C$10.46 and a 12 month high of C$12.46. The stock has a market capitalization of C$388.34 million, a price-to-earnings ratio of 11.13 and a beta of 0.59. The business's 50 day simple moving average is C$11.34 and its two-hundred day simple moving average is C$11.87. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$0.23 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. Analysts anticipate that Firm Capital Mortgage Investment will post 1.07 EPS for the current fiscal year.

About Firm Capital Mortgage Investment

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.

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