Shawcor Ltd (SCL) to Post FY2017 Earnings of $1.14 Per Share, National Bank Financial Forecasts
Shawcor Ltd (TSE:SCL) – Equities researchers at National Bank Financial increased their FY2017 earnings per share estimates for Shawcor in a research report issued on Tuesday. National Bank Financial analyst G. Colman now anticipates that the company will post earnings of $1.14 per share for the year, up from their prior estimate of $1.09. National Bank Financial has a “Outperform” rating and a $35.00 price objective on the stock. National Bank Financial also issued estimates for Shawcor’s FY2019 earnings at $1.54 EPS and FY2020 earnings at $1.83 EPS.
Several other research firms have also weighed in on SCL. TD Securities set a C$33.00 price objective on Shawcor and gave the company a “buy” rating in a research note on Saturday, September 23rd. BMO Capital Markets reduced their price objective on Shawcor from C$42.00 to C$36.00 in a research note on Monday, August 14th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$36.60.
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Shares of Shawcor (TSE:SCL) opened at 29.60 on Thursday. The firm’s 50-day moving average price is $26.29 and its 200 day moving average price is $29.72. The company’s market capitalization is $2.07 billion. Shawcor has a one year low of $24.20 and a one year high of $39.95.
Shawcor Ltd is a Canada-based energy services company. The Company is engaged in designing, engineering, marketing and selling products and services, such as pipe coating services; flexible composite pipe; onshore and offshore pipeline corrosion and thermal protection; ultrasonic and radiographic inspection services; tubular management services; heat-shrinkable polymer tubing, and control and instrumentation wire and cable.
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