Loblaw Companies Ltd (TSE:L) – National Bank Financial dropped their Q3 2017 EPS estimates for Loblaw Companies in a report released on Sunday. National Bank Financial analyst V. Shreedhar now forecasts that the company will earn $1.29 per share for the quarter, down from their prior forecast of $1.34. National Bank Financial currently has a “Outperform” rating and a $78.00 target price on the stock. National Bank Financial also issued estimates for Loblaw Companies’ FY2017 earnings at $4.45 EPS, Q3 2018 earnings at $1.42 EPS, Q4 2018 earnings at $1.26 EPS and FY2018 earnings at $4.85 EPS.

Other analysts have also issued research reports about the company. Scotiabank cut their price objective on Loblaw Companies from C$79.00 to C$76.00 and set a “sector perform” rating for the company in a report on Thursday, July 27th. Raymond James Financial, Inc. cut their price objective on Loblaw Companies from C$81.00 to C$80.00 and set an “outperform” rating for the company in a report on Thursday, July 27th. Eight Capital cut their price objective on Loblaw Companies from C$82.00 to C$78.00 in a report on Friday, July 21st. TD Securities cut their price objective on Loblaw Companies from C$88.00 to C$85.00 and set a “buy” rating for the company in a report on Tuesday, July 18th. Finally, BMO Capital Markets cut their price objective on Loblaw Companies from C$85.00 to C$82.00 and set an “outperform” rating for the company in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Loblaw Companies currently has an average rating of “Buy” and a consensus price target of C$81.50.

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Loblaw Companies (L) opened at C$68.77 on Tuesday. Loblaw Companies has a 12-month low of C$62.33 and a 12-month high of C$78.87.

About Loblaw Companies

Loblaw Companies Limited is a Canada-based holding company. The Company operates through three segments: Retail, Financial Services and Choice Properties. The Company’s Retail segment consists of corporate and franchise-owned retail food and Associate-owned drug stores, and includes in-store pharmacies and other health and beauty products, gas bars, apparel and other general merchandise.

Earnings History and Estimates for Loblaw Companies (TSE:L)

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