Loblaw Companies’ (L) “Sector Perform Market Weight” Rating Reiterated at National Bank Financial

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National Bank Financial reaffirmed their sector perform market weight rating on shares of Loblaw Companies (TSE:L) in a research note published on Tuesday morning. National Bank Financial also issued estimates for Loblaw Companies’ Q4 2019 earnings at $1.14 EPS, FY2019 earnings at $4.17 EPS, Q2 2020 earnings at $1.08 EPS, Q3 2020 earnings at $1.35 EPS, Q4 2020 earnings at $1.32 EPS and FY2020 earnings at $4.60 EPS.

A number of other equities research analysts also recently weighed in on the stock. TD Securities dropped their price target on shares of Loblaw Companies from C$82.00 to C$80.00 and set a buy rating for the company in a research report on Tuesday, January 14th. Desjardins reiterated a hold rating on shares of Loblaw Companies in a research report on Thursday, November 28th. Finally, Royal Bank of Canada lifted their price target on shares of Loblaw Companies from C$82.00 to C$85.00 and gave the company an outperform rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Loblaw Companies has an average rating of Buy and a consensus target price of C$76.86.

Shares of L stock opened at C$71.09 on Tuesday. The firm has a 50 day moving average price of C$68.58 and a two-hundred day moving average price of C$70.72. The company has a quick ratio of 0.65, a current ratio of 1.28 and a debt-to-equity ratio of 148.65. The company has a market capitalization of $25.67 billion and a PE ratio of 25.48. Loblaw Companies has a 12-month low of C$63.01 and a 12-month high of C$76.31.

Loblaw Companies (TSE:L) last released its quarterly earnings results on Wednesday, November 13th. The company reported C$1.25 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.26 by C($0.01). The firm had revenue of C$14.66 billion for the quarter, compared to the consensus estimate of C$14.76 billion. As a group, research analysts expect that Loblaw Companies will post 4.6299998 EPS for the current year.

About Loblaw Companies

Loblaw Companies Limited, a food and pharmacy company, engages in the grocery, pharmacy, health and beauty, apparel, general merchandise, financial services, and wireless mobile products and services businesses in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores comprising in-store pharmacies, other health and beauty product stores, apparel stores, and other general merchandise stores, as well as supports the PC Optimum reward program.

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Analyst Recommendations for Loblaw Companies (TSE:L)

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