Firm Capital Mortgage Investment (TSE:FC) Stock Gets Price Target Reduction from National Bank Financial

Firm Capital Mortgage Investment (TSE:FC) had its price objective lowered by National Bank Financial from C$12.00 to C$11.00 in a research note published on Wednesday morning,BayStreet reports. The firm currently has a sector perform rating on the stock.

Separately, TD decreased their price target 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 report on Wednesday, October 14th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Firm Capital Mortgage Investment presently has an average rating of “Moderate Buy” and a consensus target price of C$11.75.

Firm Capital Mortgage Investment Price Performance

FC opened at C$10.43 on Wednesday. The company’s 50 day simple moving average is C$11.26 and its 200 day simple moving average is C$11.84. The company has a debt-to-equity ratio of 34.45, a quick ratio of 17.11 and a current ratio of 0.14. Firm Capital Mortgage Investment has a 1 year low of C$10.37 and a 1 year high of C$12.46. The stock has a market capitalization of C$383.20 million, a PE ratio of 10.98 and a beta of 0.59.

Firm Capital Mortgage Investment (TSE:FC) last released its earnings results on Thursday, August 13th. The company reported C$0.23 earnings per share (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 during the quarter. As a group, sell-side analysts expect that Firm Capital Mortgage Investment will post 1.07 EPS for the current 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.