Raymond James set a C$10.00 price target on Dirtt Environmental Solutions (TSE:DRT) in a research note issued to investors on Thursday morning, BayStreet.CA reports. The brokerage currently has a strong-buy rating on the stock. Raymond James also issued estimates for Dirtt Environmental Solutions’ Q2 2019 earnings at $0.05 EPS and FY2019 earnings at $0.21 EPS.
DRT has been the subject of several other reports. National Bank Financial lifted their target price on Dirtt Environmental Solutions from C$9.00 to C$11.00 and gave the company an outperform rating in a research note on Thursday, April 4th. Industrial Alliance Securities lowered their target price on Dirtt Environmental Solutions from C$9.50 to C$8.50 and set a hold rating for the company in a research note on Friday, May 10th. Finally, Beacon Securities cut Dirtt Environmental Solutions from a buy rating to a hold rating in a research note on Thursday, May 9th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Dirtt Environmental Solutions currently has an average rating of Buy and a consensus price target of C$9.38.
TSE DRT opened at C$6.97 on Thursday. The company has a fifty day moving average price of C$7.54. The firm has a market cap of $590.12 million and a PE ratio of -70.40. Dirtt Environmental Solutions has a 52 week low of C$5.63 and a 52 week high of C$9.30. The company has a debt-to-equity ratio of 18.94, a current ratio of 2.31 and a quick ratio of 1.80.
Dirtt Environmental Solutions (TSE:DRT) last released its earnings results on Wednesday, May 8th. The company reported C$0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.01) by C$0.04. The firm had revenue of C$86.33 million during the quarter, compared to analyst estimates of C$85.51 million. As a group, equities research analysts forecast that Dirtt Environmental Solutions will post 0.45 earnings per share for the current year.
Dirtt Environmental Solutions Company Profile
DIRTT Environmental Solutions Ltd. designs, manufactures, and installs customized prefabricated interiors. The company combines its proprietary 3D design, configuration, and manufacturing software with integrated in-house manufacturing of its prefabricated interior construction solutions and its distribution partner network.
Further Reading: Arbitrage
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