Cormark Reiterates C$4.50 Price Target for Macro Enterprises (MCR)

Macro Enterprises (CVE:MCR) has been given a C$4.50 price target by research analysts at Cormark in a research report issued on Monday. The firm presently has a “buy” rating on the stock. Cormark’s price target suggests a potential upside of 38.46% from the company’s previous close.

Macro Enterprises stock traded up C$0.15 during mid-day trading on Monday, hitting C$3.25. 43,415 shares of the company were exchanged, compared to its average volume of 31,966. The company has a current ratio of 7.21, a quick ratio of 7.12 and a debt-to-equity ratio of 10.95. Macro Enterprises has a 1-year low of C$1.86 and a 1-year high of C$3.75.

Macro Enterprises (CVE:MCR) last released its quarterly earnings data on Tuesday, August 28th. The company reported C($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.08) by C($0.07). The business had revenue of C$3.07 million during the quarter, compared to analysts’ expectations of C$10.10 million. On average, equities research analysts predict that Macro Enterprises will post 0.410000000529032 EPS for the current year.

Macro Enterprises Company Profile

Macro Enterprises Inc, together with its subsidiaries, provides pipeline and facilities construction and maintenance services to companies in the oil and gas industry in western Canada. It is involved in the construction, alteration, repair, and installation of pipeline and facility pressure piping, and structural steel facilities, as well as provision of pipeline integrity digs services.

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