Rocky Mountain Dealerships Inc. (RME) Expected to Post FY2016 Earnings of $0.86 Per Share
Rocky Mountain Dealerships Inc. (TSE:RME) – Analysts at National Bank Financial upped their FY2016 earnings per share estimates for Rocky Mountain Dealerships in a note issued to investors on Tuesday. National Bank Financial analyst G. Colman now forecasts that the firm will post earnings per share of $0.86 for the year, up from their previous forecast of $0.78. National Bank Financial also issued estimates for Rocky Mountain Dealerships’ Q4 2016 earnings at $0.33 EPS and FY2017 earnings at $1.02 EPS.
RME has been the topic of a number of other reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$9.50 target price (up from C$8.50) on shares of Rocky Mountain Dealerships in a research report on Thursday. TD Securities upped their target price on Rocky Mountain Dealerships from C$7.00 to C$8.00 and gave the company a “hold” rating in a research report on Thursday, August 11th. Raymond James Financial Inc. lowered Rocky Mountain Dealerships from an “outperform” rating to a “market perform” rating and upped their target price for the company from C$9.50 to C$12.00 in a research report on Thursday. Finally, CIBC cut their target price on Rocky Mountain Dealerships from C$10.50 to C$9.00 in a research report on Thursday, August 11th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of C$9.60.
Rocky Mountain Dealerships (TSE:RME) opened at 9.30 on Friday. The firm has a 50-day moving average of $9.12 and a 200 day moving average of $7.99. The stock has a market capitalization of $180.27 million and a price-to-earnings ratio of 14.20. Rocky Mountain Dealerships has a 52 week low of $5.50 and a 52 week high of $9.59.
Rocky Mountain Dealerships Company Profile
Rocky Mountain Dealerships Inc is an agriculture equipment dealer with a network of full-service agriculture and industrial equipment stores across the Canadian Prairie Provinces. The Company operates in two segments: agriculture segment and industrial segment. The agriculture segment primarily includes sales of agricultural equipment, parts and services, and the industrial segment includes sales of industrial equipment, parts and services.
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