Rocky Mountain Dealerships Inc. to Post FY2016 Earnings of $0.89 Per Share, Raymond James Financial Forecasts (RME)
Rocky Mountain Dealerships Inc. (TSE:RME) – Equities researchers at Raymond James Financial upped their FY2016 earnings per share estimates for Rocky Mountain Dealerships in a report released on Wednesday. Raymond James Financial analyst B. Cherniavsky now forecasts that the firm will post earnings of $0.89 per share for the year, up from their previous estimate of $0.79. Raymond James Financial currently has a “Market Perform” rating and a $12.00 target price on the stock. Raymond James Financial also issued estimates for Rocky Mountain Dealerships’ FY2017 earnings at $1.00 EPS.
RME has been the topic of several other research reports. Royal Bank Of Canada restated a “sector perform” rating and set a C$9.50 price objective (up previously from C$8.50) on shares of Rocky Mountain Dealerships in a report on Thursday. TD Securities upped their price objective on shares of Rocky Mountain Dealerships from C$7.00 to C$8.00 and gave the stock a “hold” rating in a report on Thursday, August 11th. CIBC lowered their price objective on shares of Rocky Mountain Dealerships from C$10.50 to C$9.00 in a report on Thursday, August 11th. Finally, National Bank Financial upped their price objective on shares of Rocky Mountain Dealerships from C$7.00 to C$8.00 in a report on Wednesday, August 10th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of C$9.60.
Shares of Rocky Mountain Dealerships (TSE:RME) opened at 9.30 on Friday. Rocky Mountain Dealerships has a one year low of $5.50 and a one year high of $9.59. The company has a market cap of $180.27 million and a P/E ratio of 14.20. The company’s 50 day moving average is $9.12 and its 200 day moving average is $7.99.
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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