Q3 2017 Earnings Forecast for Snc-Lavalin Group Inc (TSE:SNC) Issued By Desjardins
Snc-Lavalin Group Inc (TSE:SNC) – Stock analysts at Desjardins decreased their Q3 2017 earnings per share estimates for Snc-Lavalin Group in a report released on Friday. Desjardins analyst B. Poirier now forecasts that the company will post earnings per share of $0.58 for the quarter, down from their previous forecast of $0.59. Desjardins has a “Buy” rating on the stock. Desjardins also issued estimates for Snc-Lavalin Group’s FY2017 earnings at $2.04 EPS.
Other analysts also recently issued research reports about the stock. Raymond James Financial, Inc. boosted their price objective on shares of Snc-Lavalin Group from C$66.00 to C$68.00 and gave the stock an “outperform” rating in a report on Tuesday. National Bank Financial decreased their price objective on shares of Snc-Lavalin Group from C$70.00 to C$69.00 and set an “outperform” rating on the stock in a report on Friday, August 4th. BMO Capital Markets reissued an “outperform” rating and set a C$67.00 price objective on shares of Snc-Lavalin Group in a report on Friday, August 4th. Scotiabank reissued an “outperform” rating and set a C$68.00 price objective on shares of Snc-Lavalin Group in a report on Tuesday, July 4th. Finally, CIBC set a C$67.00 price objective on shares of Snc-Lavalin Group and gave the stock an “outperform” rating in a report on Monday, July 10th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of C$68.44.
TRADEMARK VIOLATION WARNING: “Q3 2017 Earnings Forecast for Snc-Lavalin Group Inc (TSE:SNC) Issued By Desjardins” was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/08/09/q3-2017-earnings-forecast-for-snc-lavalin-group-inc-tsesnc-issued-by-desjardins.html.
Snc-Lavalin Group (TSE SNC) opened at 53.08 on Monday. The stock has a market capitalization of $7.98 billion and a price-to-earnings ratio of 35.74. The company has a 50-day moving average of $55.75 and a 200-day moving average of $54.58. Snc-Lavalin Group has a 52 week low of $50.27 and a 52 week high of $59.63.
In other Snc-Lavalin Group news, insider Hartland Paterson purchased 2,000 shares of Snc-Lavalin Group stock in a transaction on Friday, June 16th. The shares were bought at an average price of C$52.50 per share, with a total value of C$105,000.00. Also, insider Chantal Sorel sold 1,200 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of C$53.42, for a total transaction of C$64,104.00.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 31st will be issued a $0.273 dividend. This represents a $1.09 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Tuesday, August 15th.
Snc-Lavalin Group Company Profile
Receive News & Ratings for Snc-Lavalin Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snc-Lavalin Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.