Snc-Lavalin Group Inc (TSE:SNC) – Investment analysts at National Bank Financial increased their Q4 2019 earnings per share (EPS) estimates for Snc-Lavalin Group in a research note issued on Thursday, May 2nd, according to Zacks Investment Research. National Bank Financial analyst M. Sytchev now expects that the company will post earnings of $0.92 per share for the quarter, up from their previous forecast of $0.76. National Bank Financial has a “Outperform” rating and a $47.00 price target on the stock.
Several other analysts also recently issued reports on SNC. Raymond James reissued a “market perform” rating and issued a C$43.00 price target on shares of Snc-Lavalin Group in a report on Wednesday, March 27th. BMO Capital Markets cut their price target on Snc-Lavalin Group from C$40.00 to C$38.00 in a report on Monday, April 8th. TD Securities cut their price target on 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. Royal Bank of Canada cut their price target on Snc-Lavalin Group from C$48.00 to C$44.00 in a report on Friday, February 15th. Finally, Canaccord Genuity cut their price target on Snc-Lavalin Group from C$44.00 to C$43.00 in a report on Monday, February 11th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of C$41.13.
Shares of TSE SNC traded down C$0.09 during mid-day trading on Monday, hitting C$24.08. The company had a trading volume of 1,062,457 shares, compared to its average volume of 800,119. The company has a market cap of $4.48 billion and a price-to-earnings ratio of -2.99. Snc-Lavalin Group has a 12 month low of C$23.44 and a 12 month high of C$61.54. The company has a current ratio of 0.82, a quick ratio of 0.72 and a debt-to-equity ratio of 134.91.
About Snc-Lavalin Group
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.