Cervus Equipment Corp (CVL) Expected to Post FY2016 Earnings of $0.84 Per Share
Cervus Equipment Corp (TSE:CVL) – Equities research analysts at National Bank Financial raised their FY2016 earnings per share estimates for Cervus Equipment Corp in a note issued to investors on Sunday. National Bank Financial analyst G. Colman now expects that the firm will post earnings per share of $0.84 for the year, up from their previous estimate of $0.78. National Bank Financial also issued estimates for Cervus Equipment Corp’s FY2017 earnings at $0.82 EPS.
CVL has been the subject of several other research reports. AltaCorp Capital raised Cervus Equipment Corp from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, June 8th. Raymond James Financial Inc. lifted their price objective on Cervus Equipment Corp from C$11.00 to C$12.50 in a research note on Friday, August 12th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of C$12.44.
Shares of Cervus Equipment Corp (TSE:CVL) traded up 0.86% during midday trading on Wednesday, hitting $11.70. The company had a trading volume of 2,916 shares. The firm’s 50 day moving average is $11.49 and its 200 day moving average is $11.52. Cervus Equipment Corp has a 52 week low of $10.41 and a 52 week high of $15.35. The company has a market capitalization of $183.65 million and a P/E ratio of 15.58.
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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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