Mainstreet Equity Corp. (TSE:MEQ) PT Raised to C$39.00 at TD Securities

Mainstreet Equity Corp. (TSE:MEQ) had its price target boosted by TD Securities from C$37.00 to C$39.00 in a research report sent to investors on Friday, July 21st. They currently have a hold rating on the stock.

Shares of Mainstreet Equity Corp. (TSE:MEQ) opened at 36.51 on Friday. The stock has a market capitalization of $323.37 million and a P/E ratio of 9.48. The stock has a 50 day moving average of $37.14 and a 200 day moving average of $36.40. Mainstreet Equity Corp. has a 12-month low of $30.20 and a 12-month high of $38.04.

Mainstreet Equity Corp. (TSE:MEQ) last released its quarterly earnings data on Thursday, July 20th. The company reported ($1.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by $1.69. Mainstreet Equity Corp. had a negative return on equity of 7.11% and a negative net margin of 38.73%. The company had revenue of $26.38 million for the quarter, compared to analyst estimates of $25.90 million. Equities research analysts anticipate that Mainstreet Equity Corp. will post ($1.13) EPS for the current fiscal year.

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About Mainstreet Equity Corp.

Mainstreet Equity Corp. is a Canada-based real estate company, which is focused on the acquisition, redevelopment, repositioning and management of mid-market rental apartment buildings. The Company is engaged in multi-family residential housing. The Company operates in four Canadian markets: Vancouver/Lower Mainland, Calgary (including the City of Lethbridge and the Town of Cochrane), Edmonton (including the City of Fort Saskatchewan) and Saskatoon.

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