Posted by admin on Jun 22nd, 2022
Shawcor Ltd. (TSE:SCL – Get Rating)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$5.63 and traded as high as C$5.70. Shawcor shares last traded at C$5.68, with a volume of 97,682 shares changing hands.
SCL has been the topic of several recent research reports. Royal Bank of Canada boosted their price target on Shawcor from C$7.00 to C$8.00 and gave the company an “outperform” rating in a research report on Monday, May 16th. Atb Cap Markets upgraded Shawcor from a “sector perform” rating to an “outperform” rating in a research report on Sunday, May 15th. BMO Capital Markets upgraded Shawcor from a “market perform” rating to an “outperform” rating and boosted their price target for the company from C$6.00 to C$7.00 in a research report on Monday, May 16th. TD Securities upgraded Shawcor from a “hold” rating to a “buy” rating and boosted their price target for the company from C$6.00 to C$7.50 in a research report on Monday, May 16th. Finally, ATB Capital upgraded Shawcor from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$6.75 to C$8.00 in a research report on Monday, May 16th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$7.92.
The company has a debt-to-equity ratio of 52.93, a quick ratio of 1.20 and a current ratio of 1.76. The company has a 50-day simple moving average of C$5.63 and a 200-day simple moving average of C$5.43. The company has a market cap of C$400.45 million and a price-to-earnings ratio of -5.66.
Shawcor (TSE:SCL – Get Rating) last announced its quarterly earnings results on Thursday, May 12th. The company reported C($0.10) EPS for the quarter, topping the consensus estimate of C($0.16) by C$0.06. The firm had revenue of C$267.79 million for the quarter, compared to analysts’ expectations of C$242.57 million. As a group, equities research analysts forecast that Shawcor Ltd. will post 0.6346239 EPS for the current year.
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.
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