National Bank Financial Cuts Earnings Estimates for Pivotree

Pivotree Inc. (CVE:PVT) – Equities research analysts at National Bank Financial dropped their FY2024 earnings per share estimates for Pivotree in a research note issued on Wednesday, November 13th. National Bank Financial analyst J. Shao now forecasts that the company will post earnings per share of ($0.27) for the year, down from their previous forecast 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 equities analysts also recently weighed in on the stock. Cormark downgraded shares of Pivotree from a “buy” rating to a “market perform” rating in a research note on Thursday. Canaccord Genuity Group cut their target price on Pivotree from C$1.25 to C$1.00 in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Pivotree presently has a consensus rating of “Hold” and a consensus target price of C$2.38.

Pivotree Trading Up 3.3 %

Shares of PVT stock opened at C$0.93 on Monday. Pivotree has a fifty-two week low of C$0.88 and a fifty-two week high of C$2.20. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.95 and a current ratio of 2.80. The stock’s fifty day moving average is C$1.08 and its two-hundred day moving average is C$1.24. The firm has a market capitalization of C$24.47 million, a P/E ratio of -2.58 and a beta of 0.22.

Pivotree Company Profile

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.