Raymond James Trims Cervus Equipment (CERV) Target Price to C$16.25
Cervus Equipment (TSE:CERV) had its price target reduced by investment analysts at Raymond James from C$19.50 to C$16.25 in a report released on Tuesday. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price would suggest a potential upside of 20.37% from the stock’s previous close.
Separately, National Bank Financial dropped their target price on Cervus Equipment from C$19.00 to C$17.50 and set an “outperform” rating on the stock in a research report on Monday, January 21st.
Cervus Equipment stock traded up C$0.15 during mid-day trading on Tuesday, hitting C$13.50. The company’s stock had a trading volume of 15,649 shares, compared to its average volume of 8,605. The company has a market cap of $204.00 million and a P/E ratio of 8.98. The company has a current ratio of 1.70, a quick ratio of 0.32 and a debt-to-equity ratio of 88.39. Cervus Equipment has a 52-week low of C$11.61 and a 52-week high of C$15.05.
Cervus Equipment Corporation primarily engages in the sale, after-sale service, and maintenance of agricultural, transportation, construction, and industrial equipment. It operates through three segments: Agricultural, Transportation, and Commercial and Industrial. The Agricultural segment offers tractors, combine harvesting equipment, tillage, seeding, nutrient management and soil preparation machinery, sprayers, hay and forage equipment, material handling, integrated agricultural systems technology, precision agricultural irrigation equipment and supplies, lawn and garden tractors, compact utility tractors, zero-turn radius and front mowers, and utility vehicles, as well as associated implements for mowing, tilling, snow and debris handling, aerating, and other turf applications.
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