Equities Analysts Issue Forecasts for Snc-Lavalin Group Inc’s FY2018 Earnings (SNC)

Snc-Lavalin Group Inc (TSE:SNC) – Equities research analysts at National Bank Financial lowered their FY2018 earnings per share (EPS) estimates for shares of Snc-Lavalin Group in a report released on Monday, February 11th. National Bank Financial analyst M. Sytchev now expects that the company will post earnings of $0.25 per share for the year, down from their prior forecast of $1.22. 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 Q4 2018 earnings at ($1.62) EPS, Q1 2019 earnings at $0.21 EPS, Q2 2019 earnings at $0.46 EPS and FY2019 earnings at $1.99 EPS.

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SNC has been the topic of several other research reports. Royal Bank of Canada dropped their target price on shares of Snc-Lavalin Group from C$58.00 to C$48.00 and set an “outperform” rating on the stock in a report on Tuesday, January 29th. Raymond James set a C$45.00 target price on shares of Snc-Lavalin Group and gave the stock a “market perform” rating in a report on Tuesday. Desjardins downgraded shares of Snc-Lavalin Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$72.00 to C$47.00 in a report on Tuesday, January 29th. TD Securities dropped their price objective on shares of Snc-Lavalin Group from C$59.00 to C$47.00 and set a “buy” rating on the stock in a report on Tuesday, January 29th. Finally, CIBC upgraded shares of Snc-Lavalin Group from a “neutral” rating to an “outperform” rating and dropped their price objective for the stock from C$56.00 to C$49.00 in a report on Tuesday, January 29th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of C$48.78.

Shares of SNC opened at C$33.88 on Thursday. The firm has a market capitalization of $5.97 billion and a P/E ratio of 17.92. Snc-Lavalin Group has a one year low of C$33.30 and a one year high of C$61.54. The company has a current ratio of 0.89, a quick ratio of 0.77 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.

Further Reading: Intrinsic Value

Earnings History and Estimates for Snc-Lavalin Group (TSE:SNC)

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