Armtec Infrastructure’s Hold Rating Reaffirmed at TD Securities (ARF)
Armtec Infrastructure (TSE:ARF)‘s stock had its “hold” rating restated by equities researchers at TD Securities in a research report issued on Monday, Analyst Ratings Net reports. They currently have a C$1.50 price objective on the stock, down from their previous price objective of C$2.00. TD Securities’ price objective points to a potential upside of 23.97% from the stock’s previous close.
Armtec Infrastructure (TSE:ARF) traded up 1.65% during mid-day trading on Monday, hitting $1.23. 9,292 shares of the company’s stock traded hands. Armtec Infrastructure has a one year low of $1.04 and a one year high of $2.69. The stock’s 50-day moving average is $1.39 and its 200-day moving average is $1.66.
Armtec Infrastructure (TSE:ARF) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.56) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.61) by $0.05.
A number of other firms have also recently commented on ARF. Analysts at Raymond James cut their price target on shares of Armtec Infrastructure from C$2.50 to C$2.00 in a research note on Thursday, March 20th. Analysts at Scotiabank cut their price target on shares of Armtec Infrastructure from C$2.50 to C$1.75 in a research note on Friday, March 14th. They now have a “sector perform” rating on the stock.
Armtec Infrastructure Income Fund (TSE:ARF) is an open-ended, limited purpose trust.
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