Brokers Issue Forecasts for Home Capital Group Inc’s FY2017 Earnings (HCG)

Home Capital Group Inc (TSE:HCG) – Equities research analysts at National Bank Financial boosted their FY2017 earnings per share (EPS) estimates for Home Capital Group in a research report issued to clients and investors on Monday. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings per share of $2.72 for the year, up from their previous forecast of $2.69. National Bank Financial currently has a “Sector Perform” rating and a $14.50 target price on the stock. National Bank Financial also issued estimates for Home Capital Group’s FY2019 earnings at $1.55 EPS.

HCG has been the topic of several other research reports. CIBC set a C$17.00 price target on shares of Home Capital Group and gave the company a “neutral” rating in a report on Monday, September 25th. Royal Bank Of Canada cut shares of Home Capital Group from a “speculative buy” rating to a “sector perform” rating and lifted their price target for the company from C$14.00 to C$15.00 in a report on Friday, August 25th. Laurentian Bank of Canada lifted their price target on shares of Home Capital Group from C$17.00 to C$20.00 in a report on Wednesday, September 13th. Scotiabank cut their price target on shares of Home Capital Group from C$18.00 to C$17.00 and set a “sector perform” rating on the stock in a report on Friday, August 4th. Finally, Laurentian boosted their target price on shares of Home Capital Group from C$17.00 to C$20.00 in a report on Wednesday, September 13th. Eight analysts have rated the stock with a hold rating, Home Capital Group currently has a consensus rating of “Hold” and an average target price of C$17.67.

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Home Capital Group (TSE:HCG) traded up 0.45% during midday trading on Wednesday, hitting $13.43. 41,437 shares of the stock were exchanged. The stock has a market cap of $1.08 billion and a PE ratio of 13.72. Home Capital Group has a 1-year low of $5.06 and a 1-year high of $32.26. The company’s 50 day moving average is $13.78 and its 200-day moving average is $13.41.

In other news, Director Alan Roy Hibben purchased 4,000 shares of the business’s stock in a transaction on Friday, September 22nd. The stock was acquired at an average cost of C$13.93 per share, for a total transaction of C$55,720.00.

Home Capital Group Company Profile

Home Capital Group Inc is a Canada-based holding company that operates through its subsidiary, Home Trust Company (Home Trust), which offers deposits, residential and non-residential commercial mortgage lending and consumer lending. It offers deposits through brokers and financial planners, and through its direct-to-consumer deposit brand, Oaken Financial.

Earnings History and Estimates for Home Capital Group (TSE:HCG)

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