Vicwest (VIC) Releases Quarterly Earnings Results
Vicwest (TSE:VIC) posted its quarterly earnings results on Friday. The company reported ($0.35) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.31) by $0.04, Analyst Ratings Net reports.
Vicwest (TSE:VIC) traded down 1.90% during mid-day trading on Friday, hitting $9.81. 2,349 shares of the company’s stock traded hands. Vicwest has a one year low of $9.11 and a one year high of $13.50. The stock has a 50-day moving average of $9.68 and a 200-day moving average of $11.34.
Several analysts have recently commented on the stock. Analysts at CIBC reiterated a “sector perform” rating on shares of Vicwest in a research note on Friday. They now have a C$10.50 price target on the stock, down previously from C$11.50. On the ratings front, analysts at National Bank Financial downgraded shares of Vicwest from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, March 26th. They now have a C$12.00 price target on the stock, down previously from C$14.00. Finally, analysts at TD Securities upgraded shares of Vicwest from a “hold” rating to a “buy” rating in a research note on Wednesday, March 26th. They now have a C$12.50 price target on the stock, down previously from C$14.00. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Vicwest currently has an average rating of “Hold” and an average price target of C$12.00.
Vicwest Inc, formerly Vicwest Income Fund, is manufacturer and distributor of engineered storage and handling systems for grain, fertilizer and liquid storage, and building construction products for agricultural, institutional, commercial, industrial and residential markets through two divisions: Vicwest Building Products (TSE:VIC) and Westeel Storage Solutions (Westeel).
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