Morneau Shepell (MSI) PT Raised to C$32.00 at National Bank Financial

Morneau Shepell (MSI) PT Raised to C$32.00 at National Bank Financial

Morneau Shepell (TSE:MSI) had its target price upped by analysts at National Bank Financial from C$31.00 to C$32.00 in a research note issued on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 11.42% from the company’s current price. National Bank Financial also issued estimates for Morneau Shepell’s Q1 2019 earnings at $0.16 EPS, Q2 2019 earnings at $0.19 EPS, Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.17 EPS, FY2019 earnings at $0.69 EPS and FY2020 earnings at $1.10 EPS.

Separately, TD Securities upped their target price on shares of Morneau Shepell from C$30.00 to C$31.00 and gave the stock a “hold” rating in a research report on Thursday.

Shares of MSI stock traded up C$0.10 during trading hours on Thursday, reaching C$28.72. 78,245 shares of the company were exchanged, compared to its average volume of 103,929. Morneau Shepell has a fifty-two week low of C$23.64 and a fifty-two week high of C$29.17. The firm has a market capitalization of $1.80 billion and a price-to-earnings ratio of 79.78. The company has a current ratio of 1.49, a quick ratio of 1.22 and a debt-to-equity ratio of 77.77.

Morneau Shepell (TSE:MSI) last announced its earnings results on Wednesday, March 6th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.06 by C($0.01). The firm had revenue of C$200.76 million for the quarter, compared to the consensus estimate of C$203.60 million. On average, equities research analysts forecast that Morneau Shepell will post 0.840000033349877 earnings per share for the current fiscal year.

Morneau Shepell Company Profile

Morneau Shepell Inc operates as a human resources consulting and technology company in Canada, the United States, and internationally. The company provides health and productivity, administrative, and retirement solutions to assist employers in managing the financial security, health, and productivity of their employees.

Further Reading: How Do You Calculate Return on Equity (ROE)?

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