Cervus Equipment Corp Lowered to Market Perform at Raymond James (CVL)
Cervus Equipment Corp (TSE:CVL) was downgraded by investment analysts at Raymond James to a “market perform” rating in a note issued to investors on Friday. They currently have a C$22.00 price target on the stock, down from their previous price target of C$24.00. Raymond James’ price target would suggest a potential upside of 4.76% from the company’s current price.
Cervus Equipment Corp (TSE:CVL) traded down 0.75% during mid-day trading on Friday, hitting $21.09. 6,661 shares of the company’s stock traded hands. Cervus Equipment Corp has a 52-week low of $19.50 and a 52-week high of $24.50. The stock has a 50-day moving average of $21.73 and a 200-day moving average of $22.22. The company has a market cap of $319.1 million and a price-to-earnings ratio of 14.26.
A number of other analysts have also recently weighed in on CVL. Analysts at CIBC reiterated a “sector perform” rating on shares of Cervus Equipment Corp in a research note on Friday. They now have a C$22.00 price target on the stock, down previously from C$24.00. Separately, analysts at Cantor Fitzgerald cut their price target on shares of Cervus Equipment Corp from C$26.00 to C$24.00 in a research note on Thursday. They now have a “buy” rating on the stock. Finally, analysts at NBF raised their price target on shares of Cervus Equipment Corp from C$21.50 to C$22.00 in a research note on Friday, July 4th. They now have a “sector perform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Cervus Equipment Corp presently has a consensus rating of “Hold” and a consensus target price of C$23.53.
Cervus Equipment Corporation (TSE:CVL) is a diversified company operating in two segments: agricultural equipment, and construction and industrial equipment.
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