RBC Capital Reiterates Their Hold Rating on EnerCare

By Jason Carr

Wall Street analyst has provided a review for the Financial company on January 20, but retained the same rating on the stock. The company received a Hold on January 20 from RBC Capital’s analyst Robert Kwan, with a C$21 price target.

According to TipRanks.com, Kwan is a top 100 analyst with an average return of 10.8% and a 79.6% success rate. Kwan covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, Pattern Energy, and TransAlta.

Currently, the analyst consensus on EnerCare is Moderate Buy and the average price target is C$21.25, representing a 2.9% upside.

In a report issued on March 8, Scotiabank also maintained a Hold rating on the stock with a C$20.50 price target.

Based on EnerCare’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of C$293 million and quarterly net profit of C$17.55 million. In comparison, last year the company earned revenue of C$142 million and had a net profit of C$13.73 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 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.