DA Davidson Analysts Reduce Earnings Estimates for China Metro Rural Holdings Ltd (NYSEMKT:CNR)

China Metro Rural Holdings Ltd (NYSEMKT:CNR) – Stock analysts at DA Davidson decreased their FY2019 earnings per share (EPS) estimates for China Metro Rural in a note issued to investors on Thursday, November 7th. DA Davidson analyst B. Thielman now forecasts that the financial services provider will post earnings per share of $0.23 for the year, down from their previous forecast of $0.26.

Other analysts also recently issued reports about the stock. Raymond James set a $135.00 price target on shares of China Metro Rural and gave the company a “market perform” rating in a report on Wednesday, October 23rd. Zacks Investment Research upgraded shares of China Metro Rural from a “sell” rating to a “hold” rating in a report on Monday, November 4th. National Bank Financial reduced their price target on shares of China Metro Rural from $121.00 to $118.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. BMO Capital Markets lifted their price target on shares of China Metro Rural from $125.00 to $126.00 and gave the company a “market perform” rating in a report on Wednesday, July 24th. Finally, Barclays reiterated a “hold” rating and issued a $5.00 price target on shares of China Metro Rural in a report on Monday, August 12th. Six research analysts have rated the stock with a hold rating, China Metro Rural presently has an average rating of “Hold” and an average target price of $107.57.

China Metro Rural (NYSEMKT:CNR) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.32 billion. The firm’s revenue for the quarter was up 134.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share.

In related news, CEO Donald Riley acquired 25,500 shares of the stock in a transaction on Monday, August 12th. The stock was bought at an average cost of $3.94 per share, with a total value of $100,470.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

China Metro Rural Company Profile

China Metro-Rural Holdings Limited is a developer and operator of integrated agricultural logistics and trade centers in China. The Company’s segments include agricultural logistics, and rural-urban migration and city re-development. The Company’s agricultural logistics business includes development and operation of integrated agricultural logistics and trade centers and supporting facilities, and property management, which engages in the management of developed properties within the logistics platforms, known as China Northeast Logistics Cities.

Featured Story: Stocks Increasing Dividends

Receive News & Ratings for China Metro Rural Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Metro Rural and related companies with MarketBeat.com's FREE daily email newsletter.