Raymond James Financial Brokers Lift Earnings Estimates for Cervus Equipment Corp (CVL)
Cervus Equipment Corp (TSE:CVL) – Equities research analysts at Raymond James Financial raised their Q4 2016 earnings per share (EPS) estimates for Cervus Equipment Corp in a report issued on Wednesday. Raymond James Financial analyst B. Cherniavsky now forecasts that the firm will post earnings per share of $0.43 for the quarter, up from their previous forecast of $0.38. Raymond James Financial currently has a “Market Perform” rating on the stock.
Other equities research analysts also recently issued reports about the company. TD Securities lifted their price objective on Cervus Equipment Corp from C$12.00 to C$15.00 and gave the stock a “buy” rating in a report on Thursday. CIBC upgraded Cervus Equipment Corp from a “sector perform” rating to an “outperform” rating in a report on Thursday. Royal Bank Of Canada lifted their price objective on Cervus Equipment Corp from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, National Bank Financial lifted their price objective on Cervus Equipment Corp from C$13.00 to C$15.00 and gave the stock a “sector perform” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$13.38.
About Cervus Equipment Corp
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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