TSE:MKP

MCAN Mortgage (MKP) Stock Forecast, Price & News

C$16.27

+0.01 (+0.06%)

(As of 01:00 PM ET)

Compare

Today's Range: C$16.26
▼
C$16.35
50-Day Range: C$14.84
▼
C$16.45
52-Week Range: C$14.00
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C$18.29

Volume: 950 shs
Average Volume: 17,601 shs
Market Capitalization: C$566.20 million

P/E Ratio: 8.47
Dividend Yield: 8.85%
Price Target: C$18.13

Profile Analyst Ratings Chart Competitors Dividend Earnings Insider Trades Headlines Social Media

MCAN Mortgage MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 11.5% Upside
C$18.13 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.

1.75 out of 5 stars

2.3

Analyst's Opinion

Consensus Rating
MCAN Mortgage has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$18.13, MCAN Mortgage has a forecasted upside of 11.5% from its current price of C$16.26.
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 8.86%, 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 75.00%. 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.

0.6

News and Social Media Coverage

Search Interest
2 people have searched for MKP on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

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
21.95% 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 8.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.72.
Price to Earnings Ratio vs. Sector
The P/E ratio of MCAN Mortgage is 8.47, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 155.81.
Price to Book Value per Share Ratio
MCAN Mortgage has a P/B Ratio of 1.12. 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 (TSE:MKP) Stock

MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada. The company offers single-family residential mortgages, as well as residential construction, non-residential construction, and commercial loans, as well as engages in the 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.

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MKP Stock News Headlines

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 30, 2023 | Edge On The Street (Ad)

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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)

May 30, 2023 | Edge On The Street (Ad)

The Graphite Shortage Story You're Not Being Told

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)

April 10, 2023 | theglobeandmail.com

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

April 7, 2023 | theglobeandmail.com

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

March 10, 2023 | finance.yahoo.com

MCAN FINANCIAL GROUP ANNOUNCES RETIREMENT OF KAREN WEAVER, PRESIDENT AND CEO

February 27, 2023 | finance.yahoo.com

MCAN Mortgage (TSE:MKP) Will Pay A Dividend Of CA$0.36

February 24, 2023 | msn.com

2 Ultra-High-Yielding TSX Stocks to Buy With $1,000

February 24, 2023 | msn.com

MCAN Mortgage Corporation declares CAD 0.36 dividend

February 23, 2023 | finance.yahoo.com

MCAN FINANCIAL GROUP ANNOUNCES 2022 RESULTS AND DECLARES $0.36 REGULAR CASH DIVIDEND

February 2, 2023 | finance.yahoo.com

Investing in MCAN Mortgage (TSE:MKP) five years ago would have delivered you a 36% gain

January 10, 2023 | finance.yahoo.com

MCAN FINANCIAL GROUP ANNOUNCES INSIDER PARTICIPATION IN RECENTLY COMPLETED RIGHTS OFFERING

January 6, 2023 | msn.com

Is it a Trap?! 3 TSX Stocks With Ultra-High Dividend Yields

December 23, 2022 | finance.yahoo.com

MCAN FINANCIAL GROUP ANNOUNCES CLOSING OF RIGHTS OFFERING

December 20, 2022 | finance.yahoo.com

IIROC Trading Halt - MKP.RT.A

November 18, 2022 | finance.yahoo.com

MCAN FINANCIAL GROUP ANNOUNCES $34 MILLION RIGHTS OFFERING

November 13, 2022 | seekingalpha.com

MCAN Mortgage Corporation declares $0.36 dividend

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MKP Company Calendar

Ex-Dividend for 3/31 Dividend: 3/14/2023
Dividend Payable: 3/31/2023
Today: 5/30/2023
Ex-Dividend for 6/30 Dividend: 6/14/2023
Dividend Payable: 6/30/2023
Next Earnings (Estimated): 8/08/2023

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Mortgage Investment
Sub-Industry: N/A
Sector: Finance
Current Symbol: TSE:MKP
CUSIP: N/A
CIK: N/A
Web: www.mcanmortgage.com
Phone: +1-416-5724880
Fax: N/A
Employees: 128
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$18.13
High Stock Price Forecast: C$18.25
Low Stock Price Forecast: C$18.00
Forecasted Upside/Downside: +11.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$1.92
Trailing P/E Ratio: 8.47
Forward P/E Ratio: 6.49
P/E Growth: N/A
Net Income: C$63.15 million
Net Margins: 60.54%
Pretax Margin: N/A
Return on Equity: 13.31%
Return on Assets: 1.55%

Debt

Debt-to-Equity Ratio: 342.93
Current Ratio: 1.95
Quick Ratio: 1.97

Sales & Book Value

Annual Sales: C$104.32 million
Price / Sales: 5.42
Cash Flow: C$1.31 per share
Price / Cash Flow: 12.39
Book Value: C$14.58 per share
Price / Book: 1.12

Miscellaneous

Outstanding Shares: 34,800,000
Free Float: N/A
Market Cap: C$565.85 million
Optionable: Not Optionable
Beta: 1.01

Key Executives

Ms. Karen H. Weaver CPA (Age 64)
ICD.D, Pres, CEO & Non-Independent Director
Comp: $903.21k

Ms. Floriana Cipollone B.Comm. (Age 56)
C.A, Sr. VP & CFO
Comp: $569.05k

Mr. Avish Buck
Sr. VP & COO

Mr. Carl Scott Brown
Sr. VP of Investments & Corp. Devel.

Mr. Michael Edward Jensen
VP, Chief Compliance Officer and Chief Anti-Money Laundering & Privacy Officer

Michelle Liotta
VP of HR

Mr. Eugene Basolini
Pres of MTC Leasing Inc and Chief Operating Officer of MTC Leasing Inc

Ms. Sylvia Pinto
VP, Corp. Sec. & Governance Officer

Ms. Milica Pejic
VP & Chief Audit Officer

Ms. Nazeera Khan
VP & Chief Audit Officer

Key Competitors

View All Competitors

MKP Stock - Frequently Asked Questions

Should I buy or sell MCAN Mortgage stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MCAN Mortgage in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" MKP shares.
View MKP analyst ratings or view top-rated stocks.
What is MCAN Mortgage's stock price forecast for 2023?: 2 analysts have issued 1 year price targets for MCAN Mortgage's stock. Their MKP share price forecasts range from C$18.00 to C$18.25. On average, they expect the company's share price to reach C$18.13 in the next year. This suggests a possible upside of 11.5% 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 8.4% and is now trading at C$16.26.
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 Tuesday, August 8th 2023.
View our MKP earnings forecast.
How often does MCAN Mortgage pay dividends? What is the dividend yield for MCAN Mortgage?: MCAN Mortgage announced a quarterly dividend on Monday, May 8th. Shareholders of record on Thursday, June 15th will be given a dividend of 0.36 per share on Friday, June 30th. This represents a $1.44 annualized dividend and a dividend yield of 8.86%. The ex-dividend date of this dividend is Wednesday, June 14th.
Read our dividend analysis for MKP.
Is MCAN Mortgage a good dividend stock?: MCAN Mortgage (TSE:MKP) pays an annual dividend of C$1.44 per share and currently has a dividend yield of 8.86%. MKP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 75.00%. 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).
What is MCAN Mortgage's stock symbol?: MCAN Mortgage trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MKP."
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.
What is MCAN Mortgage's stock price today?: One share of MKP stock can currently be purchased for approximately C$16.26.
How much money does MCAN Mortgage make?: MCAN Mortgage (TSE:MKP) has a market capitalization of C$565.85 million and generates C$104.32 million in revenue each year. The company earns C$63.15 million in net income (profit) each year or C$1.92 on an earnings per share basis.
How many employees does MCAN Mortgage have?: The company employs 128 workers across the globe.
How can I contact MCAN Mortgage?: MCAN Mortgage's mailing address is 200 King St W Suite 600, TORONTO, ON M5H 3T4, Canada. The official website for the company is www.mcanmortgage.com. The company can be reached via phone at +1-416-5724880.

This page (TSE:MKP) was last updated on 5/30/2023 by MarketBeat.com Staff

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MCAN Mortgage (MKP) Stock Forecast, Price & News

MCAN Mortgage MarketRank™ Forecast

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

Search Interest

Company Ownership

Earnings and Valuation

About MCAN Mortgage (TSE:MKP) Stock

MKP Stock News Headlines

MKP Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

MKP Stock - Frequently Asked Questions

Overall MarketRank^™