The company currently has a consensus rating of “buy” among investments and equities analysts
Home Capital Group’s recent strong performance has garnered several positive assessments from the Big Six banks and other major institutions.
The firm saw its latest quarterly revenue reach $138.86 million, nearly surpassing analysts’ forecasts of $140.03 million. Earnings per share stood at $1.44, far exceeding the earlier estimate of $1.01. Equities analysts as polled by MarketBeat are expecting Home Capital Group to post 4.8500001 EPS for the current year.
“The company presently has a consensus rating of ‘buy’ and an average price target of $49.86,” MarketBeat said.
Read more: Home Capital might sell “riskier” notes in future RMBS offerings
Royal Bank of Canada investment analysts increased Home Capital’s target price from $52 to $53, along with an “outperform” rating on the stock.
“Royal Bank of Canada’s price objective would indicate a potential upside of 28.77% from the stock's current price,” MarketBeat said.
National Bank Financial boosted its price objective on Home Capital Group to $58, as well as gave the stock an “outperform” rating.
Bank holding company National Bankshares also granted the company an “outperform” rating, and increased its Home Capital price target from $48 to $58.
TD Securities raised its price target on Home Capital Group from $48 to $50, and graded the company with a “buy” rating.
Scotiabank increased its price target on Home Capital Group from $44 to $47, while Raymond James increased its Home Capital price target from $38 to $39 and gave the company a “market perform” rating.
