CIBC downgraded shares of Cervus Equipment (TSE:CERV) from an outperform rating to a neutral rating in a research note issued to investors on Monday morning, BayStreet.CA reports. They currently have C$13.00 target price on the stock, down from their prior target price of C$16.00.
Other equities research analysts have also recently issued reports about the company. Raymond James reduced their target price on Cervus Equipment from C$16.25 to C$16.00 and set an outperform rating on the stock in a report on Friday, May 10th. National Bank Financial cut Cervus Equipment from an outperform rating to a sector perform rating and reduced their target price for the stock from C$16.00 to C$13.50 in a report on Friday, August 9th. Finally, TD Securities reduced their target price on Cervus Equipment from C$17.00 to C$15.50 and set a hold rating on the stock in a report on Monday, May 13th.
Shares of CERV stock opened at C$9.35 on Monday. Cervus Equipment has a 12-month low of C$9.27 and a 12-month high of C$14.85. The company has a current ratio of 1.69, a quick ratio of 0.28 and a debt-to-equity ratio of 149.04. The stock’s 50-day moving average price is C$11.32 and its 200-day moving average price is C$12.53. The stock has a market capitalization of $164.09 million and a price-to-earnings ratio of 6.57.
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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