Based on the Canara Bank stock forecast from 3 analysts, the average analyst target price for Canara Bank is INR 117.67 over the next 12 months. Canara Bank’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Canara Bank is Bullish , which is based on 9 positive signals and 2 negative signals. At the last closing, Canara Bank’s stock price was INR 85.02. Canara Bank’s stock price has changed by +5.09% over the past week, -9.61% over the past month and -28.91% over the last year.
No recent analyst target price found for Canara Bank
No recent average analyst rating found for Canara Bank
Company Overview Canara Bank
Canara Bank provides various banking products and services in India and internationally. It offers personal banking services, such as savings and deposits comprising savings accounts, current accounts, recurring deposits, and term deposits; unclaimed deposit; loan products, including home, vehicle, education, personal, mortgage, gold, MSME, corporate, agri, solar, rent, and cash loans; working capital, infrastructure, and export finance products; life, general, and health insurance products; depository services, merchant banking, and online trading; and mutual funds. The company also provides digital lending portal; mobile and internet banking; credit, debit, and prepaid cards; UPI and fastag; missed call banking; online account; and payment solutions; NRI banking accounts; remittance facilities; attorneyship service; and nomination facility. In addition, it offers supply chain finance management; syndication services; IPO monitoring services; safe deposit lockers; and consultancy services, which cover estate and wills, private and charitable trustee, debenture and security trusteeship, and attorney services. The company was incorporated in 1906 and is headquartered in Bengaluru, India. Read Less
Canara Bank provides various banking products and services in India and internationally. It offers personal banking services, such as savings and deposits comprising savings accounts, current accounts, recurring deposits, and term deposits; unclaimed deposit; loan products, inclu...Read More
Frequently Asked Questions About Canara Bank (CANBK:NSE) Stock
Based on ratings from 3 analysts Canara Bank's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Bullish . The stock has 3 buy, sell and hold ratings.
CANBK:NSE stock's dividend yield is 3.69%.
Our analysis grades CANBK:NSE stock's dividend yield at A+. This means that CANBK:NSE stock's dividend yield is above 97% of the stocks in the Banks - Regional sector in the NSE exchange.
Based on this CANBK:NSE may be a good dividend stock for its sector.
Based on targets from 3 analysts, the average taret price for CANBK:NSE is INR 117.67 over the next 12 months. The maximum analyst target price is INR 120 while the minimum anlayst target price is INR 115.
CANBK:NSE stock's Price/Earning ratio is 4.80.
Our analysis grades CANBK:NSE stock's Price / Earning ratio at A+. This means that CANBK:NSE stock's Price/Earning ratio is above 2.000000000000002% of the stocks in the Banks - Regional sector in the NSE exchange.
Based on this CANBK:NSE may be undervalued for its sector.
The last closing price of CANBK:NSE's stock was INR 85.02.
The most recent market capitalization for CANBK:NSE is INR 788.69B.
Based on targets from 3 analysts, the average taret price for CANBK:NSE is projected at INR 117.67 over the next 12 months.
This means that CANBK:NSE's stock price may go up by +38.40% over the next 12 months.
We can't find any ETFs which contains Canara Bank's stock.
As per our most recent records Canara Bank has 82,638 Employees.
Canara Bank's registered address is 112, J C Road, Bengaluru, India, 560002.
You can get more information about it from Canara Bank's website at https://www.canarabank.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Underpriced compared to book value
The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
Superior capital utilization
The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior total returns
The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
Superior Earnings Growth
This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.
Underpriced compared to earnings
The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
High dividend returns
The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.
Superior return on equity
The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.
What not to like
Poor return on assets
The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.
Negative cashflow
The company had negative total cash flow in the most recent four quarters.
Frequently Asked Questions About Canara Bank (CANBK:NSE) Stock
Based on ratings from 3 analysts Canara Bank's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Bullish . The stock has 3 buy, sell and hold ratings.
CANBK:NSE stock's dividend yield is 3.69%.
Our analysis grades CANBK:NSE stock's dividend yield at A+. This means that CANBK:NSE stock's dividend yield is above 97% of the stocks in the Banks - Regional sector in the NSE exchange.
Based on this CANBK:NSE may be a good dividend stock for its sector.
Based on targets from 3 analysts, the average taret price for CANBK:NSE is INR 117.67 over the next 12 months. The maximum analyst target price is INR 120 while the minimum anlayst target price is INR 115.
CANBK:NSE stock's Price/Earning ratio is 4.80.
Our analysis grades CANBK:NSE stock's Price / Earning ratio at A+. This means that CANBK:NSE stock's Price/Earning ratio is above 2.000000000000002% of the stocks in the Banks - Regional sector in the NSE exchange.
Based on this CANBK:NSE may be undervalued for its sector.
The last closing price of CANBK:NSE's stock was INR 85.02.
The most recent market capitalization for CANBK:NSE is INR 788.69B.
Based on targets from 3 analysts, the average taret price for CANBK:NSE is projected at INR 117.67 over the next 12 months.
This means that CANBK:NSE's stock price may go up by +38.40% over the next 12 months.
We can't find any ETFs which contains Canara Bank's stock.
As per our most recent records Canara Bank has 82,638 Employees.
Canara Bank's registered address is 112, J C Road, Bengaluru, India, 560002.
You can get more information about it from Canara Bank's website at https://www.canarabank.com.
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