Canadian Western Bank (TSE: CWB) has received a consensus rating of “Hold” from the twelve rating companies covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have given the company a buy recommendation. The average target price for a year among analysts who updated their coverage on the stock last year is $ 32.36.
Several research companies have commented on CWB. CIBC raised the shares of Canadian Western Bank from a “neutral” rating to an “above average” rating and raised their price target for the share on Monday in a research note from C $ 34.00 to C $ 38.00. Scotiabank raised its target price for shares of Canadian Western Bank on Monday in a research note from C $ 34.00 to C $ 36.00. The Royal Bank of Canada raised its target price for shares in Canadian Western Bank from C $ 32.00 to C $ 36.00 and gave the company a “Sector Performance” rating in a research note on Monday. National Bank Financial raised its target price for shares in Canadian Western Bank from C $ 32.00 to C $ 35.00 and rated the company in a research note on Monday as “Sector Performance”. Finally, BMO Capital Markets lowered the shares of Canadian Western Bank in a research note on Monday, December 7th, from an “Outperform” rating to a “Market Perform” rating and lowered their price target for the company from C36.00 $ 31.00 to C $.
CWB stock opened Tuesday at $ 32.79. The company has a 50-day moving average price of $ 29.94 and a 200-day moving average price of $ 28.15. Canadian Western Bank has a fifty-two week low of $ 15.70 and a fifty-two week high of $ 33.86. The company has a market capitalization of $ 2.86 billion and a PE ratio of 11.48.
Canadian Western Bank (TSE: CWB) last released its quarterly earnings data on Friday, December 4th. The company reported earnings per share of $ 0.75 for the quarter, beating the consensus estimate of $ 0.73 by $ 0.02. The company posted revenue of $ 236.58 million for the quarter, compared to analyst expectations of $ 229.40 million. Analysts assume that the Canadian Western Bank as a group will report an EPS of 2.5999999 for the current fiscal year.
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In related news, Senior Officer Mario Vittorio Furlan sold 6,000 shares of Canadian Western Bank in a transaction dated Wednesday, Jan. 6. The stock was sold at an average price of $ 30.11 for a total of $ 180,660. Upon completion of the sale, the Insider now directly holds 17,934 shares in the company valued at $ 539,992.74.
Canadian Western Bank company profile
Canadian Western Bank provides retail and commercial banking products and services primarily in western Canada. The company offers checking, savings, cash management, US dollar and checking accounts, as well as organizational, shift / condo, general trust and trust fund investment accounts. It also offers commercial loans and real estate, as well as equipment finance and leasing products. Loans and mortgages; secured and unsecured credit lines; registered retirement plan; Consolidation, vehicle and recreational vehicle loans; and credit cards.
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7 outdoor recovery stocks for growth and dividends
If Americans used to enjoy outdoor activities, now they love them even more. The COVID-19 pandemic did many things, and one of them is enlivening Americans’ love for the outdoors. Data from across the industry shows a sustained surge in sales that is propelling the entire complex up.
For example, the RV Industry Association reports that RV deliveries increased more than 30% in 2020 and are expected to increase another 20% or more in 2021. If data from the two largest manufacturers in the industry are any indication, this is a very conservative forecast.
And the profits aren’t limited to RVs. Everything to do with outdoor recreation is booming. Sales of Dicks Sporting Goods, a well-known retail and nature brand, have increased steadily by 20% since the shutdown in the 2nd quarter. If anything, revenues in this sector are being held back by rapidly falling inventory levels and tight shipping conditions.
The stocks we want to show all have something in common; outside. Within the group you will find everything from mobile homes to radios and everything an outdoor enthusiast might need or want. Some pay dividends, some don’t, but all will bring solid returns for investors in 2021.
Check out the “7 Outdoor Recovery Stocks For Growth And Dividends”.