Sandvine Given Consensus Rating of “Buy” by Brokerages (TSE:SVC)
Sandvine (TSE:SVC) has earned a consensus recommendation of “Buy” from the eight brokerages that are presently covering the stock, American Banking News reports. Six equities research analysts have rated the stock with a buy recommendation, The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$4.56.
Sandvine (TSE:SVC) traded up 0.61% on Thursday, hitting $3.30. 12,252 shares of the company’s stock traded hands. Sandvine has a 1-year low of $1.88 and a 1-year high of $4.08. The stock’s 50-day moving average is $3.43 and its 200-day moving average is $3.45. The company has a market cap of $495.8 million and a price-to-earnings ratio of 20.50.
Sandvine (TSE:SVC) last issued its quarterly earnings data on Friday, July 11th. The company reported $0.03 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.03. On average, analysts predict that Sandvine will post $0.18 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on SVC shares. Analysts at M Partners initiated coverage on shares of Sandvine in a research note on Wednesday. They set a “buy” rating and a C$4.50 price target on the stock. Separately, analysts at Salman Partners raised their price target on shares of Sandvine from C$4.35 to C$5.00 in a research note on Friday, July 11th. Finally, analysts at RBC Capital upgraded shares of Sandvine to an “outperform” rating in a research note on Friday, July 11th. They now have a C$4.60 price target on the stock, up previously from C$4.00.
Sandvine Corporation (TSE:SVC) is a Canada-based company, engaged in developing and marketing Network Policy Control solutions for high-speed, or broadband, Internet service providers.
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