MFC Bancorp Ltd (MFCB) Initiated with a Buy at Robert W. Baird


MFC Bancorp Ltd (MFCB) received a Buy rating from Robert W. Baird analyst Jonathan Ruykhaver today. The company’s shares opened today at $4.25, close to its 52-week low of $4.

Ruykhaver observed:

“We are assuming coverage of Outperform ratings. Both companies are experiencing positive fundamental momentum and are capitalizing on secular trends, including hybrid cloud, application mobility and interoperability, and agile IT. We believe both Cisco and Nutanix are focused on delivering value for customers and, over time, will capture an increasing portion of wallet share as the product strategies play out.”

According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 21.1% and a 64.4% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Forescout Technologies Inc, Proofpoint Inc, and Mimecast Ltd.

MFC Bancorp Ltd has an analyst consensus of Hold.

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Based on MFC Bancorp Ltd’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $26.66 million. In comparison, last year the company had a GAAP net loss of $5.75 million.

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MFC Bancorp Ltd. engages in the provision of financial services and facilitates structured trade for corporations and institutions. It operates through the Merchant Banking and All Other business segments.

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