Research Analysts Offer Predictions for Laurentian Bank of Canada’s FY2016 Earnings (LB)
Laurentian Bank of Canada (TSE:LB) – Research analysts at Cormark lifted their FY2016 earnings estimates for shares of Laurentian Bank of Canada in a note issued to investors on Wednesday. Cormark analyst M. Grauman now forecasts that the firm will post earnings of $5.74 per share for the year, up from their prior estimate of $5.72. Cormark also issued estimates for Laurentian Bank of Canada’s Q4 2016 earnings at $1.44 EPS, FY2017 earnings at $6.03 EPS and FY2018 earnings at $6.40 EPS.
Several other brokerages have also recently issued reports on LB. Royal Bank Of Canada lifted their price objective on Laurentian Bank of Canada from C$52.00 to C$55.00 and gave the stock a “sector perform” rating in a report on Thursday, September 1st. Scotiabank reduced their price objective on Laurentian Bank of Canada from C$55.00 to C$54.00 and set an “outperform” rating for the company in a report on Tuesday, July 26th. TD Securities raised Laurentian Bank of Canada from a “hold” rating to a “buy” rating in a report on Tuesday, October 4th. Desjardins reaffirmed a “hold” rating on shares of Laurentian Bank of Canada in a report on Wednesday, July 20th. Finally, Barclays PLC reduced their price objective on Laurentian Bank of Canada from C$49.00 to C$48.00 and set an “underweight” rating for the company in a report on Thursday, September 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of C$52.22.
Laurentian Bank of Canada (TSE:LB) opened at 50.58 on Friday. The stock’s 50 day moving average price is $49.33 and its 200-day moving average price is $49.39. The stock has a market capitalization of $1.54 billion and a PE ratio of 14.61. Laurentian Bank of Canada has a 12-month low of $42.42 and a 12-month high of $55.82.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Investors of record on Tuesday, November 1st were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $2.40 annualized dividend and a yield of 4.74%.
Laurentian Bank of Canada Company Profile
Laurentian Bank of Canada is a Canada-based chartered bank. The Bank, through its subsidiaries, provides banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors, and operates as a full-service brokerage firm. It operates through three business segments: Personal & Commercial, B2B Bank, and Laurentian Bank Securities & Capital Markets.
Receive News & Stock Ratings for Laurentian Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Laurentian Bank of Canada and related stocks with our FREE daily email newsletter.