FY2017 Earnings Estimate for Canadian Western Bank Issued By Desjardins (CWB)
Canadian Western Bank (TSE:CWB) – Desjardins cut their FY2017 earnings per share (EPS) estimates for shares of Canadian Western Bank in a report issued on Monday. Desjardins analyst D. Young now forecasts that the company will post earnings of $2.56 per share for the year, down from their prior estimate of $2.57. Desjardins also issued estimates for Canadian Western Bank’s Q4 2017 earnings at $0.67 EPS.
Several other research firms have also weighed in on CWB. Canaccord Genuity boosted their target price on shares of Canadian Western Bank from C$29.00 to C$30.00 in a report on Friday, September 1st. Scotiabank upgraded shares of Canadian Western Bank from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$30.00 to C$33.00 in a report on Friday, September 1st. CIBC boosted their target price on shares of Canadian Western Bank from C$31.00 to C$33.00 in a report on Friday, September 1st. National Bank Financial boosted their target price on shares of Canadian Western Bank from C$32.00 to C$35.00 and gave the company a “sector perform” rating in a report on Tuesday. Finally, Laurentian Bank of Canada boosted their target price on shares of Canadian Western Bank from C$36.00 to C$39.00 and gave the company a “buy” rating in a report on Monday, October 2nd. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of C$33.90.
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About Canadian Western Bank
Canadian Western Bank (CWB) is a Canada-based bank engaged in offering a range of financial services. The Bank specializes in mid-market commercial banking, real estate and construction financing, and equipment financing and leasing. The Bank offers financing solutions through CWB Equipment Financing, National Leasing, CWB Maxium Financial, CWB Franchise Finance and CWB Optimum Mortgage, trust services through Canadian Western Trust and wealth advisory services through CWB Wealth Management.
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