EnerCare Gets a Buy Rating from Scotiabank

By Jason Carr

In a latest note to investors, a research analyst has provided a rating update for the Financial sector company, EnerCare (TSX: ECI). Analyst George Doumet from Scotiabank remains bullish on the stock and has a C$23 price target.

According to TipRanks.com, Doumet is ranked #1597 out of 4774 analysts.

EnerCare has an analyst consensus of Hold.

Based on EnerCare’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of C$326 million and quarterly net profit of C$20.15 million. In comparison, last year the company earned revenue of C$293 million and had a net profit of C$17.55 million.

EnerCare, Inc. engages in the provision of heating ventilation and air-conditioning services. It operates through the following segments: Home Services, Sub-metering, and Corporate. The Home Services segment rent and leases out water heaters, heating ventilation and air-conditioning systems.

The company’s shares closed on Tuesday at C$18.86.