Q1 2020 EPS Estimates for Canadian Western Bank (TSE:CWB) Cut by Analyst

Canadian Western Bank (TSE:CWB) – Analysts at National Bank Financial cut their Q1 2020 earnings estimates for shares of Canadian Western Bank in a research report issued on Tuesday, February 11th. National Bank Financial analyst G. Dechaine now expects that the company will earn $0.80 per share for the quarter, down from their previous estimate of $0.82. National Bank Financial has a “Sector Perform” rating and a $34.00 price target on the stock.

Other analysts have also issued research reports about the stock. Canaccord Genuity cut their target price on shares of Canadian Western Bank from C$36.00 to C$34.00 in a research report on Friday, December 6th. Scotiabank cut their target price on shares of Canadian Western Bank from C$36.00 to C$35.00 in a research report on Friday, December 6th. CIBC raised their target price on shares of Canadian Western Bank from C$33.00 to C$38.00 in a research report on Thursday, November 21st. Desjardins raised their price target on shares of Canadian Western Bank from C$34.00 to C$36.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, BMO Capital Markets raised their price target on shares of Canadian Western Bank from C$36.00 to C$37.00 in a research note on Friday, December 6th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of C$34.55.

Shares of Canadian Western Bank stock opened at C$32.86 on Thursday. Canadian Western Bank has a fifty-two week low of C$26.90 and a fifty-two week high of C$36.61. The firm has a market capitalization of $2.90 billion and a P/E ratio of 10.81. The company’s 50 day moving average price is C$33.02 and its two-hundred day moving average price is C$32.77.

Canadian Western Bank (TSE:CWB) last issued its earnings results on Thursday, December 5th. The company reported C$0.78 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.81 by C($0.03). The business had revenue of C$220.85 million for the quarter, compared to analysts’ expectations of C$223.59 million.

Canadian Western Bank Company Profile

Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, cash management, US dollar, senior, chequing, youth, and student accounts, as well as specialized accounts, including corporate and commercial, organization, strata solution/condo, general trust, and trust fund investment accounts.

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