National Bank Financial Research Analysts Lift Earnings Estimates for Cervus Equipment Corp (CVL)
Cervus Equipment Corp (TSE:CVL) – National Bank Financial increased their Q4 2016 earnings per share estimates for Cervus Equipment Corp in a research report issued on Wednesday. National Bank Financial analyst G. Colman now expects that the brokerage will post earnings per share of $0.28 for the quarter, up from their prior estimate of $0.25.
A number of other brokerages have also recently commented on CVL. AltaCorp Capital raised shares of Cervus Equipment Corp from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, June 8th. Raymond James Financial Inc. raised their price target on shares of Cervus Equipment Corp from C$11.00 to C$12.50 in a research note on Friday, August 12th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of C$12.44.
Shares of Cervus Equipment Corp (TSE:CVL) opened at 11.58 on Friday. Cervus Equipment Corp has a 52 week low of $10.41 and a 52 week high of $15.35. The stock has a market capitalization of $181.77 million and a P/E ratio of 15.42. The company’s 50-day moving average is $11.59 and its 200 day moving average is $11.47.
Cervus Equipment Corp Company Profile
Cervus Equipment Corporation is engaged in the sale, after-sale service and maintenance of agricultural, transportation, construction and industrial equipment. The Company acquires and operates authorized agricultural, construction, material handling and transportation equipment dealerships. It operates through three segments: Agriculture, Commercial and Industrial, and Transportation.
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