The Equities Analysts Offer Predictions for Canadian Western Bank’s Q2 2018 Earnings (CWB)

The Equities Analysts Offer Predictions for Canadian Western Bank’s Q2 2018 Earnings (CWB)

Canadian Western Bank (TSE:CWB) – Equities researchers at National Bank Financial issued their Q2 2018 earnings per share estimates for shares of Canadian Western Bank in a research report issued on Thursday. National Bank Financial analyst G. Dechaine anticipates that the company will post earnings per share of $0.64 for the quarter. National Bank Financial currently has a “Sector Perform” rating on the stock.

CWB has been the subject of a number of other reports. Scotiabank reaffirmed a “sector perform” rating and issued a C$32.00 target price on shares of Canadian Western Bank in a research report on Monday, March 6th. CIBC boosted their target price on Canadian Western Bank from C$32.00 to C$33.00 in a research report on Tuesday, March 7th. Desjardins boosted their target price on Canadian Western Bank from C$31.00 to C$32.00 in a research report on Friday, March 3rd. TD Securities reaffirmed a “hold” rating and issued a C$32.00 target price on shares of Canadian Western Bank in a research report on Friday, March 3rd. Finally, Royal Bank of Canada decreased their target price on Canadian Western Bank from C$32.00 to C$30.00 and set a “sector perform” rating for the company in a research report on Friday, March 3rd. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of C$29.78.

CWB has been the subject of a number of other reports. Scotiabank reaffirmed a “sector perform” rating and issued a C$32.00 target price on shares of Canadian Western Bank in a research report on Monday, March 6th. CIBC boosted their target price on Canadian Western Bank from C$32.00 to C$33.00 in a research report on Tuesday, March 7th. Desjardins boosted their target price on Canadian Western Bank from C$31.00 to C$32.00 in a research report on Friday, March 3rd. TD Securities reaffirmed a “hold” rating and issued a C$32.00 target price on shares of Canadian Western Bank in a research report on Friday, March 3rd. Finally, Royal Bank of Canada decreased their target price on Canadian Western Bank from C$32.00 to C$30.00 and set a “sector perform” rating for the company in a research report on Friday, March 3rd. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of C$29.78. Shares of Canadian Western Bank (TSE:CWB) opened at 25.37 on Monday. The firm has a 50 day moving average price of $26.26 and a 200 day moving average price of $29.02. The company has a market capitalization of $2.24 billion and a P/E ratio of 12.39. Canadian Western Bank has a one year low of $23.14 and a one year high of $32.29.

Canadian Western Bank (TSE:CWB) last announced its quarterly earnings results on Thursday, June 1st. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. The business had revenue of $172.44 million during the quarter, compared to the consensus estimate of $169 million. In related news, Director Robert L. Phillips purchased 1,000 shares of the business’s stock in a transaction on Tuesday, March 7th. The stock was acquired at an average price of C$31.22 per share, for a total transaction of C$31,220.00.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:CWB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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