National Bank Financial Trims Rocky Mountain Dealerships (TSE:RME) Target Price to C$7.50

Rocky Mountain Dealerships (TSE:RME) had its price objective decreased by National Bank Financial from C$8.00 to C$7.50 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 4.17% from the stock’s previous close.

RME has been the subject of a number of other research reports. CIBC reduced their price objective on shares of Rocky Mountain Dealerships from C$10.00 to C$9.00 in a research note on Tuesday, July 16th. Raymond James reissued an “outperform” rating and issued a C$11.50 price objective on shares of Rocky Mountain Dealerships in a research note on Friday, May 3rd. Finally, Royal Bank of Canada reduced their price target on Rocky Mountain Dealerships from C$10.00 to C$9.00 in a research report on Monday, July 22nd.

Shares of TSE:RME traded down C$0.33 during trading hours on Wednesday, hitting C$7.20. 43,016 shares of the company’s stock traded hands, compared to its average volume of 19,137. Rocky Mountain Dealerships has a 1 year low of C$7.19 and a 1 year high of C$12.25. The firm has a fifty day simple moving average of C$7.76. The firm has a market cap of $144.43 million and a price-to-earnings ratio of 8.88. The company has a quick ratio of 0.09, a current ratio of 1.29 and a debt-to-equity ratio of 266.25.

Rocky Mountain Dealerships (TSE:RME) last announced its quarterly earnings results on Wednesday, May 1st. The company reported C($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.10). The company had revenue of C$177.68 million during the quarter, compared to analysts’ expectations of C$232.67 million. On average, analysts predict that Rocky Mountain Dealerships will post 1.0299999 EPS for the current year.

Rocky Mountain Dealerships Company Profile

Rocky Mountain Dealerships Inc, through its subsidiaries, sells, rents, leases, and provides support services for new and used agriculture and industrial equipment primarily in Canada and the United States. The company primarily provides utility tractors, harvesters, sprayers, articulated 4 wheel-drive tractors, skid steer loaders, excavators, wheel loaders, graders, and equipment for maintaining barns and feedlots.

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