TD Has Lowered Expectations for Firm Capital Mortgage Investment (TSE:FC) Stock Price

Firm Capital Mortgage Investment (TSE:FC) had its price target lowered by TD from C$12.50 to C$12.00 in a research report issued on Wednesday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. TD‘s target price would indicate a potential upside of 12.89% from the stock’s current price.

Separately, National Bank Financial decreased their price objective on shares of Firm Capital Mortgage Investment from C$12.00 to C$11.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 28th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Firm Capital Mortgage Investment has a consensus rating of “Moderate Buy” and an average target price of C$11.50.

Firm Capital Mortgage Investment Stock Performance

Shares of Firm Capital Mortgage Investment stock traded up C$0.21 on Wednesday, reaching C$10.63. 48,153 shares of the stock were exchanged, compared to its average volume of 64,741. The company has a quick ratio of 17.11, a current ratio of 0.20 and a debt-to-equity ratio of 32.91. Firm Capital Mortgage Investment has a twelve month low of C$10.28 and a twelve month high of C$12.46. The firm has a market capitalization of C$390.55 million, a price-to-earnings ratio of 11.19 and a beta of 0.53. The business has a 50 day moving average price of C$11.08 and a two-hundred day moving average price of C$11.79.

Firm Capital Mortgage Investment (TSE:FC) last issued its earnings results on Thursday, November 5th. The company reported C$0.23 EPS for the quarter. Firm Capital Mortgage Investment had a return on equity of 8.14% and a net margin of 59.13%. The firm had revenue of C$14.18 million for the quarter. Analysts anticipate that Firm Capital Mortgage Investment will post 1.07 earnings per share 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.