This summary was created by AI, based on 6 opinions in the last 12 months.
Morguard Corporation (MRC) has garnered mixed reviews from various experts, pointing to both potential and caution in its stock performance. Analysts highlight that the stock appears cheap, trading at around 5-6x earnings and under book value, with estimates indicating a net asset value (NAV) significantly higher than its current price. However, there are concerns regarding the lack of growth, with a recommendation for tight stop-loss levels to manage risk effectively. Additionally, the company has been proactive in managing its debt and increasing cash reserves, leading to optimism about future performance, especially in the context of easing inflation and stable interest rates. Overall, while there is potential for upside, especially if the company continues its current strategies, investors are advised to proceed with caution.
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, 3 stock analysts published opinions about MRC-T. 2 analysts 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.
3 stock analysts on Stockchase covered Morguard Corporation In the last year. It is a trending stock that is worth watching.
On 2025-02-11, Morguard Corporation (MRC-T) stock closed at a price of $111.14.
Certainly at 5X earnings MRC can be considered cheap. Shares are very tightly held with 74% held by a connected group. The dividend is fairly low and shares have not done much, so it is not our favourite, as we do prefer more growth. But we would consider it OK. There is always a chance of a privatization but not something we would count on and would not buy just on that possibility. Net asset value requires lots of estimates and can be a moving target. The last comment from the company on a conference call indicated $340/share as NAV. Note this would be pre-tax.
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