Raymond James Financial Analysts Boost Earnings Estimates for Rocky Mountain Dealerships Inc. (RME)
Rocky Mountain Dealerships Inc. (TSE:RME) – Investment analysts at Raymond James Financial lifted their Q4 2016 earnings per share estimates for Rocky Mountain Dealerships in a report released on Wednesday. Raymond James Financial analyst B. Cherniavsky now anticipates that the brokerage will earn $0.29 per share for the quarter, up from their prior estimate of $0.28. Raymond James Financial has a “Market Perform” rating and a $12.00 price target on the stock.
RME has been the topic of several other research reports. National Bank Financial boosted their price target on shares of Rocky Mountain Dealerships from C$7.00 to C$8.00 in a research report on Wednesday, August 10th. CIBC reduced their price target on shares of Rocky Mountain Dealerships from C$10.50 to C$9.00 in a research report on Thursday, August 11th. TD Securities boosted their price target on shares of Rocky Mountain Dealerships from C$7.00 to C$8.00 and gave the stock a “hold” rating in a research report on Thursday, August 11th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a C$9.50 price target (up previously from C$8.50) on shares of Rocky Mountain Dealerships in a research report on Thursday, November 10th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$9.60.
Shares of Rocky Mountain Dealerships (TSE:RME) opened at 9.36 on Monday. The stock has a market capitalization of $181.43 million and a PE ratio of 14.29. Rocky Mountain Dealerships has a 52-week low of $5.50 and a 52-week high of $9.59. The stock has a 50 day moving average of $9.12 and a 200 day moving average of $8.03.
About Rocky Mountain Dealerships
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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