Laurentian Bank of Canada (LB) Earning Somewhat Positive News Coverage, InfoTrie Reports
Media headlines about Laurentian Bank of Canada (TSE:LB) have trended somewhat positive recently, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Laurentian Bank of Canada earned a media sentiment score of 1.00 on their scale. InfoTrie also gave media stories about the company an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company’s share price in the near term.
Laurentian Bank of Canada stock traded up C$0.23 during midday trading on Friday, hitting C$41.90. The company’s stock had a trading volume of 58,364 shares, compared to its average volume of 312,808. Laurentian Bank of Canada has a 1-year low of C$36.21 and a 1-year high of C$48.93. The stock has a market capitalization of $1.76 billion and a price-to-earnings ratio of 9.16.
Laurentian Bank of Canada (TSE:LB) last issued its quarterly earnings data on Wednesday, February 27th. The company reported C$0.98 earnings per share for the quarter, missing the consensus estimate of C$1.29 by C($0.31). The business had revenue of C$242.34 million for the quarter, compared to analyst estimates of C$259.30 million. On average, equities analysts forecast that Laurentian Bank of Canada will post 4.9199998460313 EPS for the current year.
LB has been the subject of a number of analyst reports. Desjardins decreased their price objective on shares of Laurentian Bank of Canada from C$43.00 to C$42.00 and set a “hold” rating for the company in a research report on Thursday, February 28th. Royal Bank of Canada reduced their target price on shares of Laurentian Bank of Canada from C$51.00 to C$48.00 and set a “sector perform” rating for the company in a report on Thursday, February 28th. TD Securities downgraded shares of Laurentian Bank of Canada from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$51.00 to C$47.00 in a report on Thursday, February 28th. CSFB set a C$41.00 target price on shares of Laurentian Bank of Canada and gave the stock an “underperform” rating in a report on Thursday, May 16th. Finally, National Bank Financial downgraded shares of Laurentian Bank of Canada from a “sector perform” rating to an “underperform” rating and reduced their target price for the stock from C$41.00 to C$36.00 in a report on Thursday, February 28th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Laurentian Bank of Canada presently has an average rating of “Hold” and a consensus target price of C$43.36.
About Laurentian Bank of Canada
Laurentian Bank of Canada, together with its subsidiaries, provides banking services to individuals, small and medium-sized enterprises, and independent advisors in Canada and the United States. It operates through four segments: Retail Services, Business Services, B2B Bank, and Capital Markets. The company offers transactional products and current accounts, term deposits, and investment accounts; personal line of credit, personal loans, student loans, and registered retirement savings plans; financing for agriculture, real estate, and commercial industries, as well as small and medium-sized enterprises; mortgage solutions, such as variable-rate mortgage, fixed-rate mortgage, equity line of credit, mortgage insurance, and retirement line of credit; and credit and business cards, as well as equipment finance solutions.
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