Equities Analysts Issue Forecasts For SNC-Lavalin Group Inc’s Q3 2019 Revenue (SNC)

Equities Analysts Issue Forecasts For SNC-Lavalin Group Inc’s Q3 2019 Revenue (SNC)

Snc-Lavalin Group Inc (TSE:SNC) – Research analysts at National Bank Financial dropped their Q3 2019 earnings estimates for shares of Snc-Lavalin Group in a research report issued on Monday, February 11th. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings of $0.63 per share for the quarter, down from their prior estimate of $0.64. National Bank Financial currently has a “Outperform” rating and a $52.00 target price on the stock. National Bank Financial also issued estimates for Snc-Lavalin Group’s FY2020 earnings at $2.58 EPS.

A number of other equities analysts have also recently issued reports on SNC. TD Securities lowered their price objective on shares of Snc-Lavalin Group from C$47.00 to C$45.00 and set a “buy” rating for the company in a research report on Tuesday. Raymond James set a C$45.00 price objective on shares of Snc-Lavalin Group and gave the stock a “market perform” rating in a research report on Tuesday. Royal Bank of Canada lowered their price objective on shares of Snc-Lavalin Group from C$58.00 to C$48.00 and set an “outperform” rating for the company in a research report on Tuesday, January 29th. Canaccord Genuity lowered their price objective on shares of Snc-Lavalin Group from C$44.00 to C$43.00 in a research report on Monday. Finally, Desjardins cut shares of Snc-Lavalin Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$72.00 to C$47.00 in a research report on Tuesday, January 29th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Snc-Lavalin Group presently has a consensus rating of “Buy” and a consensus price target of C$49.22.

SNC stock opened at C$34.02 on Wednesday. The company has a market cap of $5.97 billion and a P/E ratio of 17.99. Snc-Lavalin Group has a 1 year low of C$33.51 and a 1 year high of C$61.54. The company has a quick ratio of 0.77, a current ratio of 0.89 and a debt-to-equity ratio of 72.88.

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, Power, Infrastructure, Atkins, and Capital segments. The company offers various solutions for projects in the aluminum, gold, copper, iron ore, nickel, fertilizer, sulphur, and other projects.

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