Cervus Equipment (TSE:CERV) Hits New 12-Month Low at $9.00
Cervus Equipment Corp (TSE:CERV)’s share price reached a new 52-week low on Tuesday . The stock traded as low as C$9.00 and last traded at C$9.00, with a volume of 4120 shares traded. The stock had previously closed at C$9.22.
Several research analysts have recently weighed in on CERV shares. National Bank Financial cut shares of Cervus Equipment from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$16.00 to C$13.50 in a report on Friday, August 9th. Raymond James decreased their price target on shares of Cervus Equipment from C$16.00 to C$12.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. TD Securities decreased their price target on shares of Cervus Equipment from C$15.50 to C$12.00 and set a “hold” rating on the stock in a report on Monday, August 12th. Finally, CIBC cut shares of Cervus Equipment from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from C$16.00 to C$13.00 in a report on Monday, August 12th.
The stock has a market cap of $137.96 million and a P/E ratio of 7.65. The firm’s fifty day moving average price is C$9.75 and its two-hundred day moving average price is C$11.92. The company has a debt-to-equity ratio of 149.04, a current ratio of 1.69 and a quick ratio of 0.28.
Cervus Equipment Corporation engages in the sale, after-sale service, and maintenance of agricultural, transportation, and industrial equipment. It operates through three segments: Agricultural, Transportation, and Industrial Equipment. 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; and associated implements for mowing, tilling, snow and debris handling, aerating, and other turf applications.
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