Snc-Lavalin Group’s (SNC) Market Perform Rating Reaffirmed at Raymond James

Raymond James restated their market perform rating on shares of Snc-Lavalin Group (TSE:SNC) in a report released on Wednesday, March 27th, BayStreet.CA reports. The firm currently has a C$43.00 price target on the stock. Raymond James also issued estimates for Snc-Lavalin Group’s Q1 2019 earnings at $0.30 EPS, Q2 2019 earnings at $0.47 EPS, Q3 2019 earnings at $0.59 EPS, Q4 2019 earnings at $0.64 EPS, FY2019 earnings at $2.00 EPS and FY2020 earnings at $2.75 EPS.

Several other equities research analysts also recently issued reports on the stock. Royal Bank of Canada cut their target price on shares of Snc-Lavalin Group from C$48.00 to C$44.00 in a research note on Friday, February 15th. TD Securities lowered their price target on shares of Snc-Lavalin Group from C$47.00 to C$45.00 and set a buy rating on the stock in a report on Tuesday, February 12th. National Bank Financial lowered their price target on shares of Snc-Lavalin Group from C$54.00 to C$52.00 and set an outperform rating on the stock in a report on Tuesday, February 12th. Canaccord Genuity lowered their price target on shares of Snc-Lavalin Group from C$44.00 to C$43.00 in a report on Monday, February 11th. Finally, BMO Capital Markets cut shares of Snc-Lavalin Group from an outperform rating to a market perform rating and lowered their price target for the company from C$60.00 to C$42.00 in a report on Tuesday, January 29th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of C$47.56.

TSE:SNC traded down C$0.02 during mid-day trading on Wednesday, hitting C$34.27. The stock had a trading volume of 335,800 shares, compared to its average volume of 756,633. Snc-Lavalin Group has a twelve month low of C$33.30 and a twelve month high of C$61.54. The company has a market capitalization of $6.02 billion and a P/E ratio of -4.57. The company has a debt-to-equity ratio of 100.33, a quick ratio of 0.77 and a current ratio of 0.83.

Snc-Lavalin Group (TSE:SNC) last issued its earnings results on Friday, February 22nd. The company reported C($1.31) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C($1.52) by C$0.21. The firm had revenue of C$2.56 billion during the quarter, compared to analyst estimates of C$2.79 billion. As a group, equities analysts forecast that Snc-Lavalin Group will post 2.56999995784461 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.40 annualized dividend and a yield of 1.17%. Snc-Lavalin Group’s dividend payout ratio is currently -15.30%.

Snc-Lavalin Group Company Profile

SNC-Lavalin Group Inc provides consulting, design, engineering, construction, and operation and maintenance services worldwide. It operates through Mining & Metallurgy; Oil & Gas; Nuclear; Clean Power; Infrastructure; Engineering, Design and Project Management; and Capital segments. The company offers solutions for projects in the aluminum, gold, copper, iron ore, nickel, fertilizer, sulphur, and other projects, as well as commodities related to rechargeable batteries for cars, mobile phones, and other electronic devices.

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Analyst Recommendations for Snc-Lavalin Group (TSE:SNC)

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