What is MCAN Mortgage's stock price target for 2024?

0 analysts have issued 12-month target prices for MCAN Mortgage's shares. Their MKP share price targets range from C$18.00 to C$18.00. On average, they predict the company's share price to reach C$18.00 in the next twelve months. This suggests a possible upside of 14.0% from the stock's current price. View analysts price targets for MKP or view top-rated stocks among Wall Street analysts .

How have MKP shares performed in 2024?

MCAN Mortgage's stock was trading at C$15.89 at the beginning of 2024. Since then, MKP stock has decreased by 0.6% and is now trading at C$15.79. View the best growth stocks for 2024 here .

When is MCAN Mortgage's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024. View our MKP earnings forecast .

How were MCAN Mortgage's earnings last quarter?

MCAN Mortgage Co. (TSE:MKP) posted its quarterly earnings results on Monday, February, 26th. The company reported $0.56 EPS for the quarter. MCAN Mortgage had a trailing twelve-month return on equity of 15.18% and a net margin of 62.53%.

How often does MCAN Mortgage pay dividends? What is the dividend yield for MCAN Mortgage?

MCAN Mortgage announced a quarterly dividend on Monday, February 26th. Shareholders of record on Friday, March 15th will be given a dividend of 0.39 per share on Thursday, March 28th. This represents a $1.56 annualized dividend and a yield of 9.88%. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from the stock's previous quarterly dividend of C$0.38. Read our dividend analysis for MKP .

Is MCAN Mortgage a good dividend stock?

MCAN Mortgage (TSE:MKP) pays an annual dividend of C$1.56 per share and currently has a dividend yield of 10.06%. MKP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 70.27%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for MKP .

What other stocks do shareholders of MCAN Mortgage own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MCAN Mortgage investors own include Northview Apartment REIT (NVU.UN) , North West (NWC) , First National Financial (FN) , Husky Energy Inc. (HSE.TO) (HSE) , Surge Energy (SGY) , Vermilion Energy (VET) , Aurora Cannabis (ACB) , BCE (BCE) and Bellatrix Exploration (BXE) .

How do I buy shares of MCAN Mortgage?

Shares of MKP stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:MKP

MCAN Mortgage (MKP) Stock Price, News & Analysis

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Free MKP Stock Alerts

C$15.79

+0.31 (+2.00%)

(As of 02:12 PM ET)

Compare

Today's Range: C$15.58
▼
C$15.79
50-Day Range: C$15.46
▼
C$16.87
52-Week Range: C$14.87
▼
C$16.97

Volume: 21,809 shs
Average Volume: 36,814 shs
Market Capitalization: C$597.34 million

P/E Ratio: 7.11
Dividend Yield: 9.88%
Price Target: C$18.00

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Get MCAN Mortgage alerts:

MCAN Mortgage MarketRank™ Stock Analysis

Analyst Rating: 0.00 Rating Score
Upside/Downside: 14.0% Upside
C$18.00 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.27 out of 5 stars

1.0

Analyst's Opinion

Amount of Analyst Coverage
MCAN Mortgage has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for MKP.

2.5

Dividend Strength

Dividend Leadership
MCAN Mortgage is a leading dividend payer. It pays a dividend yield of 10.06%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
MCAN Mortgage does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of MCAN Mortgage is 70.27%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MKP.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for MCAN Mortgage this week, compared to 0 articles on an average week.
Search Interest
Only 1 people have searched for MKP on MarketBeat in the last 30 days. This is a decrease of -83% compared to the previous 30 days.
MarketBeat Follows
1 people have added MCAN Mortgage to their MarketBeat watchlist in the last 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MCAN Mortgage insiders have not sold or bought any company stock.
Percentage Held by Insiders
14.37% of the stock of MCAN Mortgage is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 0.45% of the stock of MCAN Mortgage is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of MCAN Mortgage is 7.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.28.
Price to Earnings Ratio vs. Sector
The P/E ratio of MCAN Mortgage is 7.11, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 453.99.
Price to Book Value per Share Ratio
MCAN Mortgage has a P/B Ratio of 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About MCAN Mortgage Stock (TSE:MKP)

MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada. The company engages in the real estate lending and investing activities, including residential mortgage, residential construction, non-residential construction, and commercial loans, as well as portfolio of real estate investments trusts and private investment activities. It also provides term deposits through a network of independent financial agents. The company was formerly known as MCAP Inc. and changed its name to MCAN Mortgage Corporation in September 2006. The company was founded in 1980 and is headquartered in Toronto, Canada.

MKP Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MKP Stock News Headlines

April 17, 2024 | seekingalpha.com

MKP:CA MCAN Mortgage Corporation

April 11, 2024 | finance.yahoo.com

MCAN Financial Group Recognized as One of Canada's Top Small & Medium Employers

April 19, 2024 | Stansberry Research (Ad)

Strange new buyer driving up gold

One Wall Street trader just made a big new gold prediction: "Pay attention to physical demand for gold... the interest seen over the last week has been unprecedented."

April 2, 2024 | finance.yahoo.com

MCAN Financial Group Named One of Canada's Best Places to Work for Women in 2024

March 28, 2024 | finance.yahoo.com

MCAN Financial Group Announces Closing of Overnight Marketed Offering

March 19, 2024 | finance.yahoo.com

MCAN Financial Group Announces Pricing of Overnight Marketed Offering

March 18, 2024 | finance.yahoo.com

MCAN Financial Group Announces Overnight Marketed Offering

March 13, 2024 | wsj.com

MCAN Mortgage Corp.

April 19, 2024 | Stansberry Research (Ad)

Strange new buyer driving up gold

One Wall Street trader just made a big new gold prediction: "Pay attention to physical demand for gold... the interest seen over the last week has been unprecedented."

February 26, 2024 | finance.yahoo.com

MCAN FINANCIAL GROUP ANNOUNCES STRONG 2023 RESULTS AND INCREASES ITS REGULAR CASH DIVIDEND 5.4%

February 15, 2024 | finance.yahoo.com

MCAN Financial Group Launches Digital GICs Through MCAN Wealth

February 3, 2024 | morningstar.com

MCAN Financial Group MKP

January 31, 2024 | finance.yahoo.com

Does MCAN Mortgage (TSE:MKP) Deserve A Spot On Your Watchlist?

January 22, 2024 | ca.finance.yahoo.com

For $100 in Monthly Passive Income, Buy 790 Shares of This TSX Stock

December 21, 2023 | finance.yahoo.com

Investing in MCAN Mortgage (TSE:MKP) five years ago would have delivered you a 90% gain

November 28, 2023 | ca.finance.yahoo.com

Buy These 3 High-Yield Stocks With Healthy Payout Ratios

August 30, 2023 | theglobeandmail.com

Closing Bell: Mcan Mortgage Corp flat on Wednesday (MKP)

August 21, 2023 | finance.yahoo.com

MCAN Financial Group Renews At-The-Market Program

August 17, 2023 | theglobeandmail.com

Closing Bell: Mcan Mortgage Corp down on Wednesday (MKP)

August 14, 2023 | finance.yahoo.com

MCAN Financial Group Announces Base Shelf Prospectus Renewal

August 11, 2023 | finance.yahoo.com

Should You Be Adding MCAN Mortgage (TSE:MKP) To Your Watchlist Today?

August 10, 2023 | markets.businessinsider.com

MCAN Mortgage (MKP) Gets a Hold Rating from BMO Capital

August 8, 2023 | finance.yahoo.com

MCAN FINANCIAL GROUP ANNOUNCES Q2 2023 RESULTS AND INCREASES ITS REGULAR CASH DIVIDEND NEARLY 6%

July 14, 2023 | finance.yahoo.com

MCAN Mortgage's (TSE:MKP) investors will be pleased with their respectable 54% return over the last three years

July 12, 2023 | msn.com

Invest in These Stocks for a Worry-Free Retirement Income Stream

June 21, 2023 | 247wallst.com

Here's How Investors Can Play Canada's Housing Shortage

June 21, 2023 | nasdaq.com

Here's How Investors Can Play Canada’s Housing Shortage

See More Headlines

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Company Calendar

Last Earnings: 2/26/2024
Ex-Dividend for 3/28 Dividend: 3/14/2024
Dividend Payable: 3/28/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/13/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Financial Services
Industry: Mortgage Finance
Sub-Industry: N/A
Current Symbol: TSE:MKP
CUSIP: N/A
CIK: N/A
Web: www.mcanmortgage.com
Phone: +1-416-5724880
Fax: N/A
Employees: 142
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$18.00
High Stock Price Target: C$18.00
Low Stock Price Target: C$18.00
Potential Upside/Downside: +16.3%
Consensus Rating
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$2.22
Trailing P/E Ratio: 6.97
Forward P/E Ratio: 6.17
P/E Growth: N/A
Net Income: C$77.50 million
Net Margins: 62.53%
Pretax Margin: N/A
Return on Equity: 15.18%
Return on Assets: 1.76%

Debt

Debt-to-Equity Ratio: 372.90
Current Ratio: 1.83
Quick Ratio: 1.97

Sales & Book Value

Annual Sales: C$123.94 million
Price / Sales: 4.72
Cash Flow: C$1.25 per share
Price / Cash Flow: 12.39
Book Value: C$15.01 per share
Price / Book: 1.03

Miscellaneous

Outstanding Shares: 37,830,000
Free Float: N/A
Market Cap: C$585.61 million
Optionable: Not Optionable
Beta: 0.83

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Key Executives

Ms. Floriana Cipollone B.Comm. (Age 57)
C.A, Senior VP & CFO
Comp: $664k
Mr. Avish Buck
Senior VP, COO & President of MCAN Home Mortgage Corporation
Mr. Carl Scott Brown
Senior Vice President of Investments & Corporate Development
Mr. Aaron John Corr
VP & Chief Risk Officer
Mr. Donald Coulter B.Sc. (Age 55)
C.A., C.P.A., M.Sc., President, CEO & Director
Mr. Michael Edward Jensen
VP, Chief Compliance Officer and Chief Anti Money Laundering & Privacy Officer
Michelle Liotta
Vice President of Human Resources
Ms. Nazeera Khan
VP & Chief Audit Officer
Mr. Allan Dale Klein (Age 61)
Chief Executive Officer of Canada ICI Capital Corporation
Ms. Sylvia Pinto
VP, Corporate Secretary & Governance Officer

Key Competitors

View All Competitors

MKP Stock Analysis - Frequently Asked Questions

What is MCAN Mortgage's stock price target for 2024?: 0 analysts have issued 12-month target prices for MCAN Mortgage's shares. Their MKP share price targets range from C$18.00 to C$18.00. On average, they predict the company's share price to reach C$18.00 in the next twelve months. This suggests a possible upside of 14.0% from the stock's current price.
View analysts price targets for MKP or view top-rated stocks among Wall Street analysts.
How have MKP shares performed in 2024?: MCAN Mortgage's stock was trading at C$15.89 at the beginning of 2024. Since then, MKP stock has decreased by 0.6% and is now trading at C$15.79.
View the best growth stocks for 2024 here.
When is MCAN Mortgage's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our MKP earnings forecast.
How were MCAN Mortgage's earnings last quarter?: MCAN Mortgage Co. (TSE:MKP) posted its quarterly earnings results on Monday, February, 26th. The company reported $0.56 EPS for the quarter. MCAN Mortgage had a trailing twelve-month return on equity of 15.18% and a net margin of 62.53%.

How often does MCAN Mortgage pay dividends? What is the dividend yield for MCAN Mortgage?: MCAN Mortgage announced a quarterly dividend on Monday, February 26th. Shareholders of record on Friday, March 15th will be given a dividend of 0.39 per share on Thursday, March 28th. This represents a $1.56 annualized dividend and a yield of 9.88%. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from the stock's previous quarterly dividend of C$0.38.
Read our dividend analysis for MKP.
Is MCAN Mortgage a good dividend stock?: MCAN Mortgage (TSE:MKP) pays an annual dividend of C$1.56 per share and currently has a dividend yield of 10.06%. MKP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 70.27%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MKP.
What other stocks do shareholders of MCAN Mortgage own?: Based on aggregate information from My MarketBeat watchlists, some companies that other MCAN Mortgage investors own include Northview Apartment REIT (NVU.UN), North West (NWC), First National Financial (FN), Husky Energy Inc. (HSE.TO) (HSE), Surge Energy (SGY), Vermilion Energy (VET), Aurora Cannabis (ACB), BCE (BCE) and Bellatrix Exploration (BXE).
How do I buy shares of MCAN Mortgage?: Shares of MKP stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:MKP) was last updated on 4/19/2024 by MarketBeat.com Staff

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MCAN Mortgage (MKP) Stock Price, News & Analysis

MCAN Mortgage MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About MCAN Mortgage Stock (TSE:MKP)

MKP Stock Price History

MKP Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

MKP Stock Analysis - Frequently Asked Questions

Overall MarketRank^™