15:15:53 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Avigilon Corp
Symbol AVO
Shares Issued 46,580,299
Close 2015-03-04 C$ 20.88
Market Cap C$ 972,596,643
Recent Sedar Documents

Globe says RBC's Arthur sees limited upside in Avigilon

2015-03-05 06:33 ET - In the News

The Globe and Mail reports in its Thursday, March 5, edition that RBC Dominion Securities analyst Steve Arthur believes Avigilon ($20.88) is due for a breather after its massive rally over the past four months. The Globe's David Kennedy writes in the Eye On Equities column that Avigilon designs and manufactures video surveillance software and equipment. It released fourth quarter results after the close on Tuesday, with adjusted earnings per share of 25 cents coming in three cents above the consensus estimate, while revenues of $79.5-million were below what analysts had anticipated. Mr. Arthur sees limited upside for the stock. Mr. Arthur cut his rating on the shares to "sector perform" from "outperform." As well, he trimmed his price target to $26 from $27. Analysts at National Bank also downgraded the company to "sector perform" from "outperform." The average analyst price target is $28.71. CIBC analyst Robin Manson-Hing slashed his target on Avigilon to $25 from $40 in the Eye column on Oct. 10, 2014. The shares were then worth $14.74. Mr. Manson-Hing reiterated his "sector outperformer" rating for Avigilon in the Eye column on Feb. 12, 2015. The shares were then worth $24.42.

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