Canoe EIT Income Fund (EIT-UN:TSX) Analysts rate with a Hold

STA Research
by: STA Research

Canoe EIT Income Fund Stock Analysis:

Based on the Canoe EIT Income Fund stock forecasts from 1 analysts, the average analyst target price for Canoe EIT Income Fund is $11 over the next 12 months. Canoe EIT Income Fund’s average analyst rating is Hold . Stock Target Advisor’s own stock analysis of Canoe EIT Income Fund is Neutral, which is based on 5 positive signals and 5 negative signals. At the last closing, Canoe EIT Income Fund’s stock price was CAD 12.78Canoe EIT Income Fund’s stock price has changed by +2.49% over the past week, +0.39% over the past month and +1.55% over the last year.

What we like:

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 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 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.

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.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

What we don’t like:

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Negative cashflow

The company had negative total cash flow in the most recent four quarters.

Negative free cash flow

The company had negative total free cash flow in the most recent four quarters.

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