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TD Cowen Remains a Buy on Canadian Apartment (CAR.UN)

Tipranks - Wed Feb 18, 5:09PM CST

TD Cowen analyst maintained a Buy rating on Canadian Apartment today and set a price target of C$46.00.

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In addition to TD Cowen, Canadian Apartment also received a Buy from RBC Capital’s Jimmy Shan in a report issued today. However, on the same day, CIBC maintained a Hold rating on Canadian Apartment (TSX: CAR.UN).

Based on Canadian Apartment’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$252.32 million and a net profit of C$26.19 million. In comparison, last year the company earned a revenue of C$282.44 million and had a net profit of C$47.37 million

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