Rocky Mountain Dealerships (TSE:RME) Lowered to Hold at TD Securities

TD Securities downgraded shares of Rocky Mountain Dealerships (TSE:RME) from a buy rating to a hold rating in a research report sent to investors on Thursday morning, BayStreet.CA reports. They currently have C$8.50 price target on the stock, down from their prior price target of C$11.50.

A number of other equities analysts also recently weighed in on RME. Raymond James reaffirmed an outperform rating and issued a C$11.50 target price on shares of Rocky Mountain Dealerships in a research note on Friday, May 3rd. CIBC dropped their target price on shares of Rocky Mountain Dealerships from C$10.00 to C$9.00 in a research note on Tuesday, July 16th. National Bank Financial dropped their target price on shares of Rocky Mountain Dealerships from C$8.00 to C$7.50 and set a sector perform rating for the company in a research note on Wednesday. Finally, Royal Bank of Canada dropped their target price on shares of Rocky Mountain Dealerships from C$10.00 to C$9.00 in a research note on Monday, July 22nd.

Shares of TSE RME traded down C$0.17 during trading on Thursday, reaching C$7.05. The company had a trading volume of 41,733 shares, compared to its average volume of 19,510. Rocky Mountain Dealerships has a 52 week low of C$7.00 and a 52 week high of C$12.01. The stock has a market cap of $144.43 million and a PE ratio of 8.62. The company has a current ratio of 1.29, a quick ratio of 0.09 and a debt-to-equity ratio of 266.25. The business’s 50 day moving average is C$7.71.

Rocky Mountain Dealerships (TSE:RME) last announced its earnings results on Wednesday, May 1st. The company reported C($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of C($0.01) by C($0.10). The business had revenue of C$177.68 million for the quarter, compared to the consensus estimate of C$232.67 million. As a group, equities analysts expect 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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