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CIBC Sticks to Its Hold Rating for Canadian Apartment (CAR.UN)

Tipranks - Tue May 12, 12:28PM CDT

In a report released today, Dean Wilkinson from CIBC maintained a Hold rating on Canadian Apartment, with a price target of C$45.00.

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According to TipRanks, Wilkinson is a 5-star analyst with an average return of 13.5% and a 69.08% success rate. Wilkinson covers the Real Estate sector, focusing on stocks such as Canadian Apartment, First Capital Realty, and Storagevault Canada.

Canadian Apartment has an analyst consensus of Strong Buy, with a price target consensus of C$44.75.

Based on Canadian Apartment’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$247.9 million and a GAAP net loss of C$182.45 million. In comparison, last year the company earned a revenue of C$253.31 million and had a net profit of C$7.99 million

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