Cormark Comments on Canadian Western Bank’s FY2017 Earnings (CWB)
Canadian Western Bank (TSE:CWB) – Equities researchers at Cormark lowered their FY2017 earnings per share estimates for shares of Canadian Western Bank in a research report issued on Wednesday. Cormark analyst M. Grauman now forecasts that the firm will post earnings of $2.44 per share for the year, down from their prior estimate of $2.50. Cormark also issued estimates for Canadian Western Bank’s FY2018 earnings at $2.66 EPS.
Several other research analysts have also recently issued reports on the company. Scotiabank lowered their price objective on Canadian Western Bank from C$27.00 to C$26.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 19th. Barclays PLC upped their target price on Canadian Western Bank from C$24.00 to C$26.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 17th. TD Securities reissued a “hold” rating and issued a C$27.00 target price on shares of Canadian Western Bank in a research report on Tuesday, November 1st. Royal Bank Of Canada upped their target price on Canadian Western Bank from C$24.00 to C$26.00 and gave the company a “sector perform” rating in a research report on Friday, September 2nd. Finally, CIBC upped their target price on Canadian Western Bank from C$25.00 to C$27.00 in a research report on Friday, September 2nd. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of C$26.20.
Shares of Canadian Western Bank (TSE:CWB) opened at 25.99 on Friday. The firm has a 50-day moving average price of $25.30 and a 200 day moving average price of $25.53. Canadian Western Bank has a one year low of $19.26 and a one year high of $29.30. The firm has a market capitalization of $2.29 billion and a price-to-earnings ratio of 11.57.
About Canadian Western Bank
Canadian Western Bank (the Bank) is a Canada-based bank that offers personal and business banking. The Bank is engaged in the business of commercial, equipment financing, real estate construction financing and energy lending. It offers personal banking services, including savings accounts, mortgages, home equity lines of credit, personal loans and investment products through its branch network across Western Canada.
Receive News & Stock Ratings for Canadian Western Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Western Bank and related stocks with our FREE daily email newsletter.