What is MCAN Mortgage's stock price target for 2024?

0 Wall Street analysts have issued 12 month price targets for MCAN Mortgage's shares. Their MKP share price targets range from C$18.00 to C$18.00. On average, they expect the company's share price to reach C$18.00 in the next twelve months. This suggests a possible upside of 13.9% from the stock's current price. View analysts price targets for MKP or view top-rated stocks among Wall Street analysts .

How have MKP shares performed in 2023?

MCAN Mortgage's stock was trading at C$15.00 at the beginning of 2023. Since then, MKP shares have increased by 5.3% and is now trading at C$15.80. View the best growth stocks for 2023 here .

When is MCAN Mortgage's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024. View our MKP earnings forecast .

How were MCAN Mortgage's earnings last quarter?

MCAN Mortgage Co. (TSE:MKP) released its earnings results on Monday, November, 6th. The company reported $0.53 earnings per share for the quarter. MCAN Mortgage had a trailing twelve-month return on equity of 16.84% and a net margin of 65.26%.

How often does MCAN Mortgage pay dividends? What is the dividend yield for MCAN Mortgage?

MCAN Mortgage declared a quarterly dividend on Tuesday, November 7th. Shareholders of record on Friday, December 15th will be given a dividend of 0.38 per share on Tuesday, January 2nd. This represents a $1.52 dividend on an annualized basis and a yield of 9.62%. The ex-dividend date is Thursday, December 14th. Read our dividend analysis for MKP .

Is MCAN Mortgage a good dividend stock?

MCAN Mortgage (TSE:MKP) pays an annual dividend of C$1.52 per share and currently has a dividend yield of 9.69%. MKP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 62.81%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for MKP .

What other stocks do shareholders of MCAN Mortgage own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MCAN Mortgage investors own include Northview Apartment REIT (NVU.UN) , North West (NWC) , First National Financial (FN) , Husky Energy Inc. (HSE.TO) (HSE) , Surge Energy (SGY) , Vermilion Energy (VET) , Aurora Cannabis (ACB) , BCE (BCE) and Bellatrix Exploration (BXE) .

How do I buy shares of MCAN Mortgage?

Shares of MKP stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

MCAN Mortgage Stock Price, News & Analysis (TSE:MKP)

C$15.81

+0.13 (+0.83%)

(As of 04:15 PM ET)

Compare

Today's Range: C$15.70
▼
C$15.98
50-Day Range: C$14.87
▼
C$15.97
52-Week Range: C$14.12
▼
C$16.82

Volume: 20,540 shs
Average Volume: 16,864 shs
Market Capitalization: C$560.15 million

P/E Ratio: 6.53
Dividend Yield: 9.61%
Price Target: C$18.00

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

MCAN Mortgage MarketRank™ Stock Analysis

Analyst Rating: 0.00 Rating Score
Upside/Downside: 13.9% Upside
C$18.00 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.37 out of 5 stars

1.0

Analyst's Opinion

Price Target Upside/Downside
According to analysts' consensus price target of C$18.00, MCAN Mortgage has a forecasted upside of 13.9% from its current price of C$15.80.
Amount of Analyst Coverage
MCAN Mortgage has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for MKP.

2.5

Dividend Strength

Dividend Leadership
MCAN Mortgage is a leading dividend payer. It pays a dividend yield of 9.69%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
MCAN Mortgage does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of MCAN Mortgage is 62.81%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MKP.

2.1

News and Social Media Coverage

News Sentiment
MCAN Mortgage has a news sentiment score of 0.80. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Financial Services companies.
News Coverage This Week
MarketBeat has tracked 1 news article for MCAN Mortgage this week, compared to 0 articles on an average week.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MCAN Mortgage insiders have not sold or bought any company stock.
Percentage Held by Insiders
15.60% of the stock of MCAN Mortgage is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 0.64% of the stock of MCAN Mortgage is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of MCAN Mortgage is 6.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.36.
Price to Earnings Ratio vs. Sector
The P/E ratio of MCAN Mortgage is 6.53, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 352.24.
Price to Book Value per Share Ratio
MCAN Mortgage has a P/B Ratio of 1.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About MCAN Mortgage Stock (TSE:MKP)

MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada. The company engages in the real estate lending and investing activities, including residential mortgage, residential construction, non-residential construction, and commercial loans, as well as portfolio of real estate investments trusts and private investment activities. It also provides term deposits through a network of independent financial agents. The company was formerly known as MCAP Inc. and changed its name to MCAN Mortgage Corporation in September 2006. MCAN Mortgage Corporation was founded in 1980 and is headquartered in Toronto, Canada.

MKP Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MKP Stock News Headlines

November 28, 2023 | ca.finance.yahoo.com

Buy These 3 High-Yield Stocks With Healthy Payout Ratios

August 30, 2023 | theglobeandmail.com

Closing Bell: Mcan Mortgage Corp flat on Wednesday (MKP)

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August 21, 2023 | finance.yahoo.com

MCAN Financial Group Renews At-The-Market Program

August 17, 2023 | theglobeandmail.com

Closing Bell: Mcan Mortgage Corp down on Wednesday (MKP)

August 14, 2023 | finance.yahoo.com

MCAN Financial Group Announces Base Shelf Prospectus Renewal

August 11, 2023 | finance.yahoo.com

Should You Be Adding MCAN Mortgage (TSE:MKP) To Your Watchlist Today?

August 10, 2023 | markets.businessinsider.com

MCAN Mortgage (MKP) Gets a Hold Rating from BMO Capital

December 4, 2023 | DTI Trader (Ad)

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August 8, 2023 | finance.yahoo.com

MCAN FINANCIAL GROUP ANNOUNCES Q2 2023 RESULTS AND INCREASES ITS REGULAR CASH DIVIDEND NEARLY 6%

July 14, 2023 | finance.yahoo.com

MCAN Mortgage's (TSE:MKP) investors will be pleased with their respectable 54% return over the last three years

July 12, 2023 | msn.com

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June 21, 2023 | 247wallst.com

Here's How Investors Can Play Canada's Housing Shortage

June 21, 2023 | nasdaq.com

Here's How Investors Can Play Canada’s Housing Shortage

June 3, 2023 | finance.yahoo.com

MCAN Mortgage (TSE:MKP) Has Announced A Dividend Of CA$0.36

June 1, 2023 | finance.yahoo.com

MCAN Financial Group Announces Incoming President and CEO

May 13, 2023 | finance.yahoo.com

MCAN Mortgage (TSE:MKP) Is Paying Out A Dividend Of CA$0.36

May 12, 2023 | finance.yahoo.com

News Flash: Analysts Just Made A Substantial Upgrade To Their MCAN Mortgage Corporation (TSE:MKP) Forecasts

May 9, 2023 | msn.com

Mcan Mortgage declares CAD 0.36 dividend

May 8, 2023 | theglobeandmail.com

Closing Bell: Mcan Mortgage Corp up on Monday (MKP)

May 8, 2023 | investopedia.com

Applying to Mortgage Lenders: How Many Are Necessary?

May 3, 2023 | theglobeandmail.com

Closing Bell: Mcan Mortgage Corp up on Tuesday (MKP)

April 27, 2023 | theglobeandmail.com

Closing Bell: Mcan Mortgage Corp down on Thursday (MKP)

April 27, 2023 | theglobeandmail.com

Closing Bell: Mcan Mortgage Corp up on Wednesday (MKP)

April 22, 2023 | theglobeandmail.com

Closing Bell: Mcan Mortgage Corp up on Friday (MKP)

April 19, 2023 | theglobeandmail.com

Closing Bell: Mcan Mortgage Corp down on Tuesday (MKP)

April 15, 2023 | theglobeandmail.com

Closing Bell: Mcan Mortgage Corp down on Friday (MKP)

See More Headlines

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Company Calendar

Ex-Dividend for 9/29 Dividend: 9/14/2023
Dividend Payable: 9/29/2023
Last Earnings: 11/06/2023
Today: 12/04/2023
Ex-Dividend for 1/2 Dividend: 12/14/2023
Dividend Payable: 1/02/2024
Next Earnings (Estimated): 2/22/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Mortgage Finance
Sub-Industry: N/A
Sector: Financial Services
Current Symbol: TSE:MKP
CUSIP: N/A
CIK: N/A
Web: www.mcanmortgage.com
Phone: +1-416-5724880
Fax: N/A
Employees: 136
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$18.00
High Stock Price Target: C$18.00
Low Stock Price Target: C$18.00
Potential Upside/Downside: +14.8%
Consensus Rating
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$2.42
Trailing P/E Ratio: 6.48
Forward P/E Ratio: 6.24
P/E Growth: N/A
Net Income: C$81.73 million
Net Margins: 65.26%
Pretax Margin: N/A
Return on Equity: 16.84%
Return on Assets: 1.91%

Debt

Debt-to-Equity Ratio: 361.48
Current Ratio: 1.93
Quick Ratio: 1.97

Sales & Book Value

Annual Sales: C$125.24 million
Price / Sales: 4.44
Cash Flow: C$1.27 per share
Price / Cash Flow: 12.39
Book Value: C$14.89 per share
Price / Book: 1.05

Miscellaneous

Outstanding Shares: 35,430,000
Free Float: N/A
Market Cap: C$555.54 million
Optionable: Not Optionable
Beta: 0.86

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Key Executives

Mr. Derek G. Sutherland C.A. (Age 52)
CPA, CBV, Chairman, Interim President & CEO
Comp: $117k
Ms. Floriana Cipollone B.Comm. (Age 56)
C.A, Senior VP & CFO
Comp: $664k
Mr. Avish Buck
Senior VP & COO
Mr. Carl Scott Brown
Senior Vice President of Investments & Corporate Development
Ms. Karen H. Weaver CPA (Age 64)
ICD.D, Consultant
Comp: $1.24M
Mr. Aaron John Corr
VP & Chief Risk Officer
Mr. Michael Edward Jensen
VP & Chief Compliance Officer
Michelle Liotta
Vice President of Human Resources
Ms. Nazeera Khan
VP & Chief Audit Officer
Mr. Allan Dale Klein (Age 60)
Chief Executive Officer of Canada ICI Capital Corporation

Key Competitors

View All Competitors

MKP Stock Analysis - Frequently Asked Questions

What is MCAN Mortgage's stock price target for 2024?: 0 Wall Street analysts have issued 12 month price targets for MCAN Mortgage's shares. Their MKP share price targets range from C$18.00 to C$18.00. On average, they expect the company's share price to reach C$18.00 in the next twelve months. This suggests a possible upside of 13.9% from the stock's current price.
View analysts price targets for MKP or view top-rated stocks among Wall Street analysts.
How have MKP shares performed in 2023?: MCAN Mortgage's stock was trading at C$15.00 at the beginning of 2023. Since then, MKP shares have increased by 5.3% and is now trading at C$15.80.
View the best growth stocks for 2023 here.
When is MCAN Mortgage's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our MKP earnings forecast.
How were MCAN Mortgage's earnings last quarter?: MCAN Mortgage Co. (TSE:MKP) released its earnings results on Monday, November, 6th. The company reported $0.53 earnings per share for the quarter. MCAN Mortgage had a trailing twelve-month return on equity of 16.84% and a net margin of 65.26%.

How often does MCAN Mortgage pay dividends? What is the dividend yield for MCAN Mortgage?: MCAN Mortgage declared a quarterly dividend on Tuesday, November 7th. Shareholders of record on Friday, December 15th will be given a dividend of 0.38 per share on Tuesday, January 2nd. This represents a $1.52 dividend on an annualized basis and a yield of 9.62%. The ex-dividend date is Thursday, December 14th.
Read our dividend analysis for MKP.
Is MCAN Mortgage a good dividend stock?: MCAN Mortgage (TSE:MKP) pays an annual dividend of C$1.52 per share and currently has a dividend yield of 9.69%. MKP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 62.81%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MKP.
What other stocks do shareholders of MCAN Mortgage own?: Based on aggregate information from My MarketBeat watchlists, some companies that other MCAN Mortgage investors own include Northview Apartment REIT (NVU.UN), North West (NWC), First National Financial (FN), Husky Energy Inc. (HSE.TO) (HSE), Surge Energy (SGY), Vermilion Energy (VET), Aurora Cannabis (ACB), BCE (BCE) and Bellatrix Exploration (BXE).
How do I buy shares of MCAN Mortgage?: Shares of MKP stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:MKP) was last updated on 12/4/2023 by MarketBeat.com Staff

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MCAN Mortgage Stock Price, News & Analysis (TSE:MKP)

MCAN Mortgage MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About MCAN Mortgage Stock (TSE:MKP)

MKP Stock Price History

MKP Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

MKP Stock Analysis - Frequently Asked Questions

Overall MarketRank^™