Q1 2017 Earnings Forecast for Cara Operations Ltd Issued By Raymond James Financial (CAO)
Cara Operations Ltd (TSE:CAO) – Research analysts at Raymond James Financial decreased their Q1 2017 EPS estimates for Cara Operations in a research report issued on Tuesday. Raymond James Financial analyst K. Tyghe now expects that the firm will earn $0.35 per share for the quarter, down from their previous estimate of $0.36. Raymond James Financial also issued estimates for Cara Operations’ Q2 2017 earnings at $0.41 EPS and FY2017 earnings at $1.63 EPS.
CAO has been the topic of a number of other reports. Scotiabank reaffirmed an “outperform” rating and issued a C$33.50 target price on shares of Cara Operations in a research note on Wednesday, September 21st. National Bank Financial reissued an “outperform” rating and set a C$34.00 price target on shares of Cara Operations in a research note on Wednesday, September 7th. Royal Bank Of Canada reissued an “outperform” rating and set a C$34.00 price target on shares of Cara Operations in a research note on Monday, October 17th. Finally, CIBC lifted their price target on shares of Cara Operations from C$28.50 to C$29.00 and gave the stock a “sector perform” rating in a research note on Monday, August 8th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of C$32.64.
Cara Operations (TSE:CAO) opened at 26.92 on Friday. The company’s 50-day moving average is $27.63 and its 200 day moving average is $29.27. Cara Operations has a 52 week low of $22.85 and a 52 week high of $36.98. The company has a market capitalization of $1.37 billion and a price-to-earnings ratio of 13.47.
About Cara Operations
Cara Operations Limited is a Canada-based full service restaurant operator and franchisor. The Company operates through three segments: corporate restaurants, franchise restaurants and central operations. The corporate restaurant segment includes the operations of the Company-owned restaurants, which generate revenues from the direct sale of prepared food and beverages to customers.
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