Desjardins Has Bearish Outlook 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) - Stock analysts at Desjardins decreased their FY2026 earnings per share estimates for shares of Laurentian Bank of Canada in a note issued to investors on Tuesday, August 12th. Desjardins analyst D. Young now expects that the company will post earnings per share of $3.30 for the year, down from their prior 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.

A number of other equities analysts have also recently weighed in on LB. Scotiabank raised their price objective on Laurentian Bank of Canada from C$28.00 to C$32.00 and gave the company a "sector perform" rating in a report on Tuesday, June 3rd. Jefferies Financial Group raised their price target on Laurentian Bank of Canada from C$29.00 to C$31.00 in a research report on Wednesday, August 13th. CIBC raised their price target on Laurentian Bank of Canada from C$33.00 to C$35.00 and gave the stock a "neutral" rating in a research report on Wednesday. National Bankshares reduced their price target 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, August 15th. Finally, Veritas upgraded Laurentian Bank of Canada to a "strong sell" rating in a research report on Monday, June 2nd. Five equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of C$30.43.

Laurentian Bank of Canada Stock Down 0.6%

Shares of TSE LB traded down C$0.20 during trading hours on Friday, reaching C$30.67. 75,029 shares of the stock traded hands, compared to its average volume of 184,153. The company has a market capitalization of C$1.35 billion, a P/E ratio of -244.62, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a 52-week low of C$24.37 and a 52-week high of C$31.74. The company's 50-day simple moving average is C$30.77 and its two-hundred day simple moving average is C$28.58.

Laurentian Bank of Canada Company Profile

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.