This summary was created by AI, based on 2 opinions in the last 12 months.
The experts are bullish about Morguard Corporation, expecting further increases in cash reserves and quarterly improvements in stock performance. With a trailing stop recommended at $103 and a price target of $125-145, they believe that the company is progressing well and is expected to continue reporting positive results. The company's low forward earnings multiple and potential for debt retirement and share buybacks make it an attractive investment opportunity.
Morguard Corporation is a Canadian stock, trading under the symbol MRC-T on the Toronto Stock Exchange (MRC-CT). It is usually referred to as TSX:MRC or MRC-T
In the last year, 1 stock analyst published opinions about MRC-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Morguard Corporation.
Morguard Corporation was recommended as a Top Pick by on . Read the latest stock experts ratings for Morguard Corporation.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Morguard Corporation In the last year. It is a trending stock that is worth watching.
On 2024-07-26, Morguard Corporation (MRC-T) stock closed at a price of $112.25.
We again reiterate MRC as a TOP PICK. The company has been selling some non-core assets, allowing for cash reserves to grow and for debt to be aggressively retired. The company still holds assets over $11 billion. It trades at 5x earnings and under book value. We recommend maintaining a tight stop at $103, looking to achieve $135 -- upside potential of 22%. Yield 0.5%
(Analysts’ price target is $135.00)