FY2016 EPS Estimates for Cervus Equipment Corp Raised by Analyst (CVL)
Cervus Equipment Corp (TSE:CVL) – Equities researchers at Raymond James Financial boosted their FY2016 earnings estimates for shares of Cervus Equipment Corp in a note issued to investors on Wednesday. Raymond James Financial analyst B. Cherniavsky now expects that the firm will post earnings per share of $1.04 for the year, up from their previous forecast of $0.75. Raymond James Financial has a “Market Perform” rating on the stock. Raymond James Financial also issued estimates for Cervus Equipment Corp’s FY2017 earnings at $1.35 EPS.
Several other analysts also recently weighed in on CVL. National Bank Financial boosted their price objective on Cervus Equipment Corp from C$13.00 to C$15.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 9th. Royal Bank Of Canada boosted their price objective on Cervus Equipment Corp from C$14.00 to C$16.00 and gave the company an “outperform” rating in a research report on Thursday. TD Securities boosted their price objective on Cervus Equipment Corp from C$12.00 to C$15.00 and gave the company a “buy” rating in a research report on Thursday. Finally, CIBC upgraded Cervus Equipment Corp from a “sector perform” rating to an “outperform” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Cervus Equipment Corp has a consensus rating of “Buy” and an average target price of C$13.38.
Cervus Equipment Corp (TSE:CVL) opened at 15.35 on Monday. The company has a 50 day moving average price of $12.70 and a 200-day moving average price of $11.80. Cervus Equipment Corp has a one year low of $10.41 and a one year high of $15.50. The company has a market capitalization of $246.08 million and a PE ratio of 13.10.
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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