3 Top Stocks That Are on Sale | The Motley Fool Canada: "Home Capital Group Inc. (TSX:HCG) is one of the largest financial institutions in Canada with approximately $20.3 billion in total assets.
At today’s levels, its stock trades at just eight times fiscal 2015’s estimated earnings per share of $4.14 and only 7.6 times fiscal 2016’s estimated earnings per share of $4.36, both of which are inexpensive compared with its five-year average price-to-earnings multiple of 10.
I think Home Capital Group’s stock could consistently trade at a fair multiple of at least 12, which would place its shares upwards of $43 by the conclusion of fiscal 2016, representing upside of more than 29% from current levels.
Additionally, the company pays a quarterly dividend of $0.22 per share, or $0.88 per share annually, giving its stock a 2.65% yield."
'via Blog this'
No comments:
Post a Comment