The Financial sector company, Echelon Financial Holdings (EFH), has received a rating update from a Wall Street analyst today. Analyst Tom Mackinnon from BMO Capital remains neutral on the stock and has a C$14.25 price target.
According to TipRanks.com, Mackinnon is a 4-star analyst with an average return of 4.4% and a 55.8% success rate. Mackinnon covers the Financial sector, focusing on stocks such as Fairfax Financial Holdings, Manulife Financial Corp, and Sun Life Financial.
Currently, the analyst consensus on Echelon Financial Holdings is a Hold with an average price target of C$14.25.
Based on Echelon Financial Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$266K. In comparison, last year the company had a GAAP net loss of C$2.55 million.
Echelon Financial Holdings, Inc., through its subsidiary, engages in the business of property and casualty insurance. It operates through the Personal Lines and Commercial Lines segment.
The company’s shares closed on Monday at C$14.04, close to its 52-week high of C$14.32.
