Stuart Olson (SOX) Reaches New 12-Month Low at $7.60
Shares of Stuart Olson (TSE:SOX) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$7.60 and last traded at C$7.69, with a volume of 25307 shares traded. The stock had previously closed at C$7.75.
Several analysts have issued reports on the stock. CIBC raised their price target on shares of Stuart Olson from C$8.00 to C$8.50 in a research report on Friday, March 9th. AltaCorp Capital upgraded shares of Stuart Olson from a “sector perform” rating to an “outperform” rating in a research report on Thursday, March 8th. Raymond James upgraded shares of Stuart Olson from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$6.00 to C$8.00 in a research report on Thursday, March 8th. Finally, National Bank Financial raised their price target on shares of Stuart Olson from C$5.50 to C$7.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 8th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of C$8.00.
Stuart Olson (TSE:SOX) last released its quarterly earnings data on Wednesday, May 2nd. The company reported C$0.06 EPS for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.02). The business had revenue of C$265.90 million for the quarter, compared to the consensus estimate of C$244.20 million. Stuart Olson had a return on equity of 7.60% and a net margin of 1.35%.
About Stuart Olson
Stuart Olson Inc provides general contracting and electrical building systems contracting to the institutional and commercial construction markets in Canada. The company's Buildings Group segment provides general contracting services, including integrated project delivery, construction management, and design-build services for schools, hospitals, and high-rise buildings; and provision of management, estimating, accounting, site management, field workers, and equipment in order to complete projects.
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