Firm Capital Mortgage Investment (TSE:FC) Stock Gets Price Target Cut from TD

Firm Capital Mortgage Investment (TSE:FC) had its price target decreased by TD from C$12.50 to C$12.00 in a research note published on Wednesday,BayStreet reports. TD currently has a buy rating on the stock.

Separately, National Bank Financial lowered their price target on Firm Capital Mortgage Investment from C$12.00 to C$11.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 28th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Firm Capital Mortgage Investment presently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.50.

Firm Capital Mortgage Investment Price Performance

TSE:FC opened at C$10.72 on Wednesday. The company has a debt-to-equity ratio of 32.91, a quick ratio of 17.11 and a current ratio of 0.20. The stock’s 50-day simple moving average is C$11.02 and its 200 day simple moving average is C$11.76. The company has a market cap of C$393.85 million, a P/E ratio of 11.42 and a beta of 0.53. Firm Capital Mortgage Investment has a 52-week low of C$10.28 and a 52-week high of C$12.46.

Firm Capital Mortgage Investment (TSE:FC) last issued its quarterly earnings results on Thursday, November 5th. The company reported C$0.23 EPS for the quarter. The firm had revenue of C$14.18 million during the quarter. Firm Capital Mortgage Investment had a return on equity of 8.14% and a net margin of 59.13%. As a group, sell-side analysts forecast that Firm Capital Mortgage Investment will post 1.07 EPS 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.