Snc-Lavalin Group (SNC) Cut to “Market Perform” at Raymond James

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Raymond James lowered shares of Snc-Lavalin Group (TSE:SNC) from an outperform rating to a market perform rating in a research note published on Tuesday. Raymond James currently has C$45.00 price target on the stock, down from their previous price target of C$58.00.

SNC has been the subject of several other reports. Royal Bank of Canada cut their target price on shares of Snc-Lavalin Group from C$62.00 to C$58.00 and set an outperform rating for the company in a research note on Friday, November 2nd. National Bank Financial cut their target price on shares of Snc-Lavalin Group from C$73.50 to C$69.00 and set an outperform rating for the company in a research note on Monday, October 1st. Canaccord Genuity cut their target price on shares of Snc-Lavalin Group from C$58.00 to C$44.00 in a research note on Tuesday. CIBC raised their target price on shares of Snc-Lavalin Group from C$52.00 to C$56.00 in a research note on Tuesday, January 15th. Finally, TD Securities cut their target price on shares of Snc-Lavalin Group from C$59.00 to C$47.00 and set a buy rating for the company in a research note on Tuesday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of Buy and an average price target of C$49.78.

Shares of TSE SNC opened at C$36.57 on Tuesday. Snc-Lavalin Group has a fifty-two week low of C$33.51 and a fifty-two week high of C$61.54. The stock has a market capitalization of $6.50 billion and a PE ratio of 19.34. The company has a debt-to-equity ratio of 72.88, a current ratio of 0.89 and a quick ratio of 0.77.

Snc-Lavalin Group (TSE:SNC) last issued its earnings results on Thursday, November 1st. The company reported C$0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.67 by C$0.29. The firm had revenue of C$2.56 billion during the quarter, compared to analyst estimates of C$2.73 billion. As a group, sell-side analysts forecast that Snc-Lavalin Group will post 3.00000024154591 EPS for the current fiscal year.

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, 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.

Read More: Price to Earnings Ratio (PE) Basics

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

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