Key Points
- Director Emily Anne Randle purchased 5,900 MCAN Mortgage shares at an average price of C$21.22, representing a total investment of C$125,198 and bringing her ownership to 5,900 shares.
- MCAN Mortgage reported quarterly EPS of C$0.59 on revenue of C$43.34 million, with a 13.08% return on equity and a 26.55% net margin.
- Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of C$24.67, compared with the stock’s reported opening price of C$21.05.
MCAN Mortgage Co. (TSE:MKP - Get Free Report) Director Emily Anne Randle bought 5,900 shares of the company's stock in a transaction on Thursday, September 24th. The shares were bought at an average price of C$21.22 per share, for a total transaction of C$125,198.00. Following the transaction, the director owned 5,900 shares of the company's stock, valued at approximately C$125,198. This represents a ∞ increase in their ownership of the stock.
MCAN Mortgage Price Performance
MCAN Mortgage stock opened at C$21.05 on Friday. MCAN Mortgage Co. has a one year low of C$20.26 and a one year high of C$26.68. The business has a fifty day moving average price of C$22.74 and a 200-day moving average price of C$23.81. The company has a debt-to-equity ratio of 555.10, a current ratio of 6.22 and a quick ratio of 1.97. The firm has a market capitalization of C$861.24 million, a P/E ratio of 9.98 and a beta of 0.81.
MCAN Mortgage (TSE:MKP - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported C$0.59 earnings per share (EPS) for the quarter. The company had revenue of C$43.34 million for the quarter. MCAN Mortgage had a return on equity of 13.08% and a net margin of 26.55%. As a group, equities research analysts forecast that MCAN Mortgage Co. will post 2.5108359 EPS for the current year.
Analysts Set New Price Targets
Separately, National Bank Financial set a C$27.00 price target on shares of MCAN Mortgage and gave the stock an "outperform" rating in a report on Monday, June 29th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, MCAN Mortgage has a consensus rating of "Moderate Buy" and an average price target of C$24.67.
Get Our Latest Analysis on MCAN Mortgage
MCAN Mortgage Company Profile
(
Get Free Report)
MCAN Mortgage Corporation d/b/a MCAN Financial Group is a public company listed on the Toronto Stock Exchange under the symbol MKP and is a reporting issuer in all provinces and territories in Canada. MCAN also qualifies as a Mortgage Investment Corporation ("MIC") under the Income Tax Act (Canada). MCAN is the largest MIC in Canada and the only federally regulated MIC that issues term deposits eligible for Canada Deposit Insurance Corporation deposit insurance. MCAN's primary objective is to generate a reliable stream of income by investing in a diversified portfolio of Canadian mortgages, including residential mortgages, residential construction, non-residential construction, and commercial loans, as well as other types of securities, loans, and real estate investments.
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