FY2016 EPS Estimates for Equitable Group Inc. (EQB) Raised by Cormark
Equitable Group Inc. (TSE:EQB) – Equities researchers at Cormark boosted their FY2016 earnings per share (EPS) estimates for Equitable Group in a research report issued on Monday. Cormark analyst J. Fenwick now expects that the firm will post earnings of $8.07 per share for the year, up from their previous forecast of $8.00. Cormark has a “Buy” rating on the stock. Cormark also issued estimates for Equitable Group’s Q4 2016 earnings at $2.14 EPS, Q1 2017 earnings at $2.23 EPS, Q2 2017 earnings at $2.29 EPS, Q3 2017 earnings at $2.43 EPS, Q4 2017 earnings at $2.52 EPS and FY2017 earnings at $9.47 EPS.
Several other research firms have also recently commented on EQB. Royal Bank Of Canada lowered their target price on shares of Equitable Group from C$66.00 to C$61.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 6th. TD Securities raised their target price on shares of Equitable Group from C$72.00 to C$74.00 and gave the company a “buy” rating in a research note on Tuesday, September 13th. RBC Capital Markets lowered their target price on shares of Equitable Group from C$66.00 to C$61.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 6th. Scotiabank raised their target price on shares of Equitable Group from C$68.00 to C$69.00 and gave the company a “sector perform” rating in a research note on Monday, August 15th. Finally, National Bank Financial lifted their price objective on shares of Equitable Group from C$69.00 to C$70.00 in a research note on Monday, July 25th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of C$67.00.
Equitable Group (TSE:EQB) opened at 53.73 on Tuesday. Equitable Group has a 1-year low of $44.73 and a 1-year high of $63.05. The firm’s 50-day moving average is $53.97 and its 200-day moving average is $57.07. The stock has a market cap of $836.36 million and a P/E ratio of 7.05.
About Equitable Group
Equitable Group Inc is a financial services company that operates through its subsidiary, Equitable Bank (the Bank). The Bank provides mortgage loans to a range of customers that include business-for-self borrowers, newcomers to Canada and commercial real estate investors. It also provides savers with various saving options that offer security and competitive interest rates, including guaranteed investment certificates (GICs), high interest savings accounts (HISAs) and deposit notes.
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