Enercare Inc. (TSE:ECI) – Equities research analysts at National Bank Financial reduced their FY2017 earnings estimates for Enercare in a research note issued on Wednesday. National Bank Financial analyst T. Johnson now expects that the company will earn $0.64 per share for the year, down from their previous estimate of $0.79. National Bank Financial currently has a “Outperform Market Weight” rating on the stock. National Bank Financial also issued estimates for Enercare’s FY2018 earnings at $0.77 EPS.

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Several other equities research analysts also recently commented on the company. TD Securities boosted their price objective on Enercare from C$21.00 to C$23.00 and gave the company a “hold” rating in a report on Wednesday. Scotiabank boosted their price objective on Enercare from C$20.00 to C$24.00 and gave the company an “outperform” rating in a report on Wednesday, July 5th. Finally, Royal Bank Of Canada upgraded Enercare from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$21.00 to C$26.00 in a report on Tuesday, April 25th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of C$23.63.

Shares of Enercare (ECI) traded up 0.44% during trading on Friday, hitting $20.49. 17,782 shares of the stock traded hands. The firm has a market cap of $2.15 billion and a P/E ratio of 39.03. The company has a 50-day moving average of $20.36 and a 200-day moving average of $19.84. Enercare has a 52 week low of $17.38 and a 52 week high of $21.94.

The business also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 31st will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, August 11th. This represents a $0.96 annualized dividend and a yield of 4.69%.

In related news, insider Evelyn Louise Sutherland purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was acquired at an average price of C$18.50 per share, for a total transaction of C$92,500.00. Also, Director Scott Jason Boxer purchased 2,170 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were bought at an average price of C$18.58 per share, with a total value of C$40,318.60. Insiders have purchased 12,670 shares of company stock valued at $232,329 in the last quarter.

About Enercare

Enercare Inc, through its subsidiaries, provides home and commercial services, and energy solutions in Canada and the United States. The company's Home Services segment offers a portfolio of rental water heaters, HVAC, and other assets, as well as contracted and other equipment protection plans; and other chargeable service offerings primarily to residential customers.

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