National Bank Financial reaffirmed their outperform market weight rating on shares of Enercare Inc. (TSE:ECI) in a research report sent to investors on Wednesday. National Bank Financial also issued estimates for Enercare’s FY2017 earnings at $0.64 EPS and FY2018 earnings at $0.77 EPS.
Several other research firms have also issued reports on ECI. Royal Bank Of Canada upgraded shares of Enercare from a sector perform rating to an outperform rating and raised their target price for the stock from C$21.00 to C$26.00 in a report on Tuesday, April 25th. TD Securities raised their target price on shares of Enercare from C$21.00 to C$23.00 and gave the stock a hold rating in a report on Wednesday. Finally, Scotiabank raised their target price on shares of Enercare from C$20.00 to C$24.00 and gave the stock an outperform rating in a report on Wednesday, July 5th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Enercare has an average rating of Buy and a consensus target price of C$23.63.
Enercare (TSE ECI) opened at 20.77 on Wednesday. The company has a 50-day moving average of $20.36 and a 200-day moving average of $19.84. The stock has a market cap of $2.18 billion and a PE ratio of 39.56. Enercare has a 12 month low of $17.38 and a 12 month high of $21.94.
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The business also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 31st will be paid a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend is Friday, August 11th.
In related news, Director Scott Jason Boxer purchased 2,170 shares of Enercare stock in a transaction that occurred on Tuesday, May 16th. The shares were bought at an average price of C$18.58 per share, with a total value of C$40,318.60. Also, insider Evelyn Louise Sutherland purchased 5,000 shares of Enercare stock in a transaction that occurred on Wednesday, May 17th. The stock was bought at an average cost of C$18.10 per share, for a total transaction of C$90,500.00. Insiders purchased a total of 12,670 shares of company stock worth $232,329 in the last ninety days.
Enercare Company Profile
Enercare Inc, through its subsidiaries, provides home and commercial services, and energy solutions in Canada and the United States. The company's Home Services segment offers a portfolio of rental water heaters, HVAC, and other assets, as well as contracted and other equipment protection plans; and other chargeable service offerings primarily to residential customers.
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