RBC Capital Keeps Their Buy Rating on EnerCare

By Austin Angelo

Wall Street analyst has provided a review for the Financial company yesterday, but retained the same rating on the stock. Analyst Nelson Ng from RBC Capital rated EnerCare (TSX: ECI) a Buy, setting a C$25 price target.

According to TipRanks.com, Ng is a 4-star analyst with an average return of 19.8% and a 78.6% success rate. Ng covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners L.P., Atlantic Power Corp, and Atlantica Yield plc.

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.