Enercare’s (ECI) “Outperform Market Weight” Rating Reaffirmed at National Bank Financial
Enercare Inc. (TSE:ECI)‘s stock had its “outperform market weight” rating reiterated by National Bank Financial in a research report issued to clients and 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.
ECI has been the topic of several other reports. Royal Bank Of Canada raised shares of Enercare from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$21.00 to C$26.00 in a research note on Tuesday, April 25th. Scotiabank dropped their price target on shares of Enercare from C$20.50 to C$20.00 and set a “sector perform” rating on the stock in a research note on Monday, May 15th. Finally, TD Securities downgraded shares of Enercare from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$22.00 to C$20.00 in a research note on Monday, May 15th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of C$23.63.
Shares of Enercare (ECI) opened at 20.48 on Wednesday. Enercare has a 12 month low of $17.38 and a 12 month high of $21.94. The stock has a 50 day moving average price of $20.36 and a 200-day moving average price of $19.84. The stock has a market cap of $2.15 billion and a P/E ratio of 39.01.
In other Enercare news, insider Evelyn Louise Sutherland bought 5,000 shares of the stock in a transaction on Wednesday, May 17th. The shares were purchased at an average cost of C$18.10 per share, with a total value of C$90,500.00. Also, Director Scott Jason Boxer bought 2,170 shares of the stock in a transaction on Tuesday, May 16th. The shares were acquired at an average cost of C$18.58 per share, for a total transaction of C$40,318.60. Insiders bought 12,670 shares of company stock worth $232,329 over the last ninety days.
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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