EQB Inc. (TSE:EQB - Free Report) - Stock analysts at Cormark boosted their FY2025 EPS estimates for shares of EQB in a report released on Wednesday, February 26th. Cormark analyst L. Persaud now anticipates that the company will post earnings of $11.97 per share for the year, up from their previous estimate of $11.68. Cormark currently has a "Market Perform" rating and a $110.00 target price on the stock. The consensus estimate for EQB's current full-year earnings is $12.60 per share. Cormark also issued estimates for EQB's FY2025 earnings at $11.97 EPS.
Several other research analysts have also issued reports on EQB. BMO Capital Markets increased their price objective on EQB from C$106.00 to C$119.00 in a research note on Monday, November 18th. National Bankshares increased their target price on shares of EQB from C$109.00 to C$117.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. CIBC boosted their price target on shares of EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. Desjardins dropped their price objective on shares of EQB from C$130.00 to C$126.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Finally, Scotiabank cut their target price on shares of EQB from C$130.00 to C$119.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$122.80.
View Our Latest Research Report on EQB
EQB Price Performance
Shares of EQB stock traded down C$2.94 during midday trading on Friday, hitting C$97.58. 147,325 shares of the company were exchanged, compared to its average volume of 67,699. The firm has a 50 day simple moving average of C$105.35 and a 200-day simple moving average of C$104.02. The firm has a market cap of C$3.77 billion, a P/E ratio of 15.21, a PEG ratio of 0.34 and a beta of 1.59. EQB has a 52 week low of C$78.24 and a 52 week high of C$114.22.
EQB Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be issued a $0.51 dividend. This is a boost from EQB's previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 2.09%. EQB's dividend payout ratio (DPR) is currently 29.31%.
About EQB
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EQB Inc formerly Equitable Group Inc trades on the Toronto Stock Exchange TSX: EQB and EQB.PR.C and serves over 360000 Canadians through its wholly owned subsidiary Equitable Bank Canadas Challenger Bank. Equitable Bank has grown to become the countrys eighth largest independent Schedule I bank with a clear mandate to drive real change in Canadian banking to enrich peoples lives.
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