EnerCare Receives a Buy from RBC Capital

By Ryan Adsit

EnerCare (TSX: ECI), the Financial sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Robert Kwan from RBC Capital rated EnerCare (TSX: ECI) a Buy, setting a C$26 price target.

According to TipRanks.com, Kwan is a top 100 analyst with an average return of 12.6% and a 76.7% success rate. Kwan covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, Pattern Energy, and TransAlta.

EnerCare has an analyst consensus of Strong Buy, with a price target consensus of C$22.38.

The company has a one year high of C$21.94 and a one year low of C$16.20. Currently, EnerCare has an average volume of 358K.

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 Sub-metering segment provides services and equipment to sub-metering and remote measurement of electricity and water in residential and commercial properties. The Corporate segment manages and operates administrative services. The company was founded in December 2002 and is headquartered in Toronto, Canada.

The company’s shares closed last Friday at $18.80.