National Bank Financial Predicts Lower Earnings for Pivotree

Pivotree Inc. (CVE:PVT) – Stock analysts at National Bank Financial lowered their FY2024 EPS estimates for Pivotree in a research report issued on Wednesday, November 13th. National Bank Financial analyst J. Shao now expects that the company will earn ($0.27) per share for the year, down from their previous estimate of ($0.22). The consensus estimate for Pivotree’s current full-year earnings is $0.08 per share. National Bank Financial also issued estimates for Pivotree’s FY2025 earnings at ($0.02) EPS.

Several other research analysts also recently weighed in on the company. Cormark downgraded Pivotree from a “buy” rating to a “market perform” rating in a research note on Thursday. Canaccord Genuity Group cut their price objective on shares of Pivotree from C$1.25 to C$1.00 in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Pivotree presently has an average rating of “Hold” and a consensus price target of C$2.38.

Pivotree Trading Up 3.3 %

CVE PVT opened at C$0.93 on Monday. Pivotree has a 52 week low of C$0.88 and a 52 week high of C$2.20. The company has a 50 day moving average price of C$1.08 and a 200 day moving average price of C$1.24. The company has a quick ratio of 1.95, a current ratio of 2.80 and a debt-to-equity ratio of 0.73. The firm has a market cap of C$24.47 million, a PE ratio of -2.58 and a beta of 0.22.

About Pivotree

Pivotree Inc designs, integrates, deploys, and manages digital platforms in commerce, data management, and supply chain for retail and branded manufacturers in Canada and internationally. The company offers infrastructure deployment, data transaction, subscription license, system and application triage and support, configuration management, and security services, as well as provides web and application hosting services.