Posted by admin on May 17th, 2022
Shawcor (TSE:SCL – Get Rating) was upgraded by analysts at Atb Cap Markets from a “sector perform” rating to an “outperform” rating in a report released on Sunday, Zacks.com reports.
Other equities analysts have also recently issued reports about the company. TD Securities upgraded Shawcor from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$6.00 to C$7.50 in a report on Monday. BMO Capital Markets upgraded Shawcor from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from C$6.00 to C$7.00 in a report on Monday. ATB Capital upgraded Shawcor from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$6.75 to C$8.00 in a report on Monday. Finally, Royal Bank of Canada lifted their target price on Shawcor from C$7.00 to C$8.00 and gave the stock an “outperform” rating in a report on Monday. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$7.92.
Shares of SCL stock opened at C$6.01 on Friday. Shawcor has a 1 year low of C$4.24 and a 1 year high of C$6.75. The stock has a market cap of C$423.60 million and a PE ratio of -5.35. The business’s fifty day moving average is C$5.04 and its 200-day moving average is C$5.21. The company has a debt-to-equity ratio of 53.98, a quick ratio of 1.39 and a current ratio of 1.89.
Shawcor (TSE:SCL – Get Rating) last issued its quarterly earnings results on Wednesday, March 9th. The company reported C($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.10) by C$0.05. The firm had revenue of C$266.38 million for the quarter, compared to analyst estimates of C$252.13 million. Equities research analysts predict that Shawcor will post 0.5 earnings per share for the current year.
Shawcor Company Profile (Get Rating)
Shawcor Ltd. operates as a material sciences company that serves the infrastructure, energy, and transportation markets worldwide. It operates through three segments: Composite Systems, Automotive and Industrial, and Pipeline and Pipe Services. The Composite Systems segment manufactures flexible composite and high density polyethylene pipes that are used for oil and gas gathering, water disposal, carbon dioxide injection pipelines, and other applications; fiberglass reinforced plastic underground storage tanks for the retail fuel, water and wastewater, and oil and gas markets; and tubular management services to the Western Canadian onshore oilfield market, including inventory management systems, mobile inspection, in-plant inspection and the refurbishment and rethreading of drill pipe, production tubing and casing, and tubular products.
Receive News & Ratings for Shawcor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shawcor and related companies with MarketBeat.com's FREE daily email newsletter.
Cipher Pharmaceuticals (TSE:CPH) Given Buy Rating at Echelon Wealth Partners
Investment Analysts’ Recent Ratings Changes for IGM Financial (IGM)