What is Desjardins' Forecast for TSE:LB FY2026 Earnings?

Key Points

• Desjardins has lowered its FY2026 earnings estimate for Laurentian Bank of Canada to $3.30 per share from a previous forecast of $3.45, maintaining a "Sell" rating and a $30.00 price target.
• Despite a consensus estimate of $3.84 per share for the current year, other analysts like National Bankshares and Raymond James have issued target price increases, with varying ratings ranging from "underperform" to "market perform."
• Laurentian Bank's stock recently traded at C$30.86, with a 52-week high of C$31.74 and a low of C$24.37, indicating some volatility in its market performance.

Laurentian Bank of Canada (TSE:LB - Free Report) - Research analysts at Desjardins decreased their FY2026 earnings per share (EPS) estimates for shares of Laurentian Bank of Canada in a report issued on Tuesday, August 12th. Desjardins analyst D. Young now expects that the company will post earnings of $3.30 per share for the year, down from their previous estimate of $3.45. Desjardins currently has a "Sell" rating and a $30.00 price target on the stock. The consensus estimate for Laurentian Bank of Canada's current full-year earnings is $3.84 per share.

Several other analysts have also recently commented on the company. Raymond James Financial increased their target price on Laurentian Bank of Canada from C$27.00 to C$28.00 and gave the stock a "market perform" rating in a report on Tuesday, June 3rd. Scotiabank raised their target price on Laurentian Bank of Canada from C$28.00 to C$32.00 and gave the stock a "sector perform" rating in a report on Tuesday, June 3rd. Jefferies Financial Group raised their target price on Laurentian Bank of Canada from C$29.00 to C$31.00 in a report on Wednesday, August 13th. Veritas raised Laurentian Bank of Canada to a "strong sell" rating in a research report on Monday, June 2nd. Finally, National Bankshares dropped their target price on Laurentian Bank of Canada from C$28.00 to C$27.00 and set an "underperform" rating on the stock in a research report on Friday. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of C$30.14.

Laurentian Bank of Canada Price Performance

Shares of TSE LB traded up C$0.05 during trading hours on Friday, reaching C$30.87. The stock had a trading volume of 2,324 shares, compared to its average volume of 184,676. The business's fifty day moving average is C$30.75 and its two-hundred day moving average is C$28.56. The company has a market cap of C$1.36 billion, a price-to-earnings ratio of -246.21, a PEG ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a twelve month low of C$24.37 and a twelve month high of C$31.74.

About Laurentian Bank of Canada

Laurentian Bank of Canada provides personal banking, business banking and real estate and commercial financing to its personal, business, and institutional customers across Canada and the United States. The company reports three operating segments: personal, business services, and capital markets. The personal segment offers financial services to retail clients.