CIBC lowered shares of Cervus Equipment (TSE:CERV) from an outperform rating to a neutral rating in a research note published on Monday, BayStreet.CA reports. They currently have C$13.00 price target on the stock, down from their prior price target of C$16.00.
A number of other analysts have also issued reports on the company. National Bank Financial lowered Cervus Equipment from an outperform rating to a sector perform rating and decreased their price objective for the company from C$16.00 to C$13.50 in a research note on Friday, August 9th. Raymond James decreased their price objective on Cervus Equipment from C$16.25 to C$16.00 and set an outperform rating on the stock in a research note on Friday, May 10th. Finally, TD Securities decreased their price objective on Cervus Equipment from C$17.00 to C$15.50 and set a hold rating on the stock in a research note on Monday, May 13th.
TSE:CERV opened at C$9.35 on Monday. The company has a debt-to-equity ratio of 149.04, a quick ratio of 0.28 and a current ratio of 1.69. Cervus Equipment has a 52-week low of C$9.27 and a 52-week high of C$14.85. The firm has a market cap of $164.09 million and a price-to-earnings ratio of 6.57. The business’s fifty day moving average is C$11.32 and its 200 day moving average is C$12.53.
About Cervus Equipment
Cervus Equipment Corporation engages in the sale, after-sale service, and maintenance of agricultural, transportation, and industrial equipment. It operates through three segments: Agricultural, Transportation, and Industrial Equipment. The Agricultural segment offers tractors, combine harvesting equipment, tillage, seeding, nutrient management and soil preparation machinery, sprayers, hay and forage equipment, material handling, integrated agricultural systems technology, precision agricultural irrigation equipment and supplies, lawn and garden tractors, compact utility tractors, zero-turn radius and front mowers, and utility vehicles; and associated implements for mowing, tilling, snow and debris handling, aerating, and other turf applications.
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