Raymond James Thinks Cervus Equipment’s Stock is Going to Recover

By Austin Angelo

The Services sector company, Cervus Equipment (CERVResearch Report), has received a rating update from a Wall Street analyst today. The Services company, Cervus Equipment (TSX: CERV) has just received a rating update from a Wall Street analyst.

According to TipRanks.com, Cherniavsky is ranked #823 out of 5239 analysts.

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Currently, the analyst consensus on Cervus Equipment is a Moderate Buy with an average price target of C$12.50.

Based on Cervus Equipment’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$2.82 million. In comparison, last year the company had a net profit of C$9.51 million.

Cervus Equipment Corp. engages in the acquisition, operation, and provision of materials handling equipments dealerships. It operates through the following segments: Agricultural Equipment, Transportation Equipment, and Industrial Equipment.

The company’s shares closed last Wednesday at C$9.30, close to its 52-week low of C$9.27.