National Bank Financial Cuts Rocky Mountain Dealerships (RME) Price Target to C$12.50

Rocky Mountain Dealerships (TSE:RME) had its target price decreased by National Bank Financial from C$13.00 to C$12.50 in a research report sent to investors on Wednesday. National Bank Financial currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Rocky Mountain Dealerships’ Q4 2018 earnings at $0.33 EPS, FY2018 earnings at $0.90 EPS and FY2019 earnings at $0.92 EPS.

Several other equities research analysts also recently commented on RME. TD Securities reduced their price target on shares of Rocky Mountain Dealerships from C$16.00 to C$15.00 and set a buy rating for the company in a research report on Monday, August 13th. Royal Bank of Canada restated a sector perform rating and issued a C$11.00 price target on shares of Rocky Mountain Dealerships in a research report on Monday, October 29th. Finally, Laurentian set a C$14.00 price target on shares of Rocky Mountain Dealerships in a research report on Thursday, August 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Rocky Mountain Dealerships presently has an average rating of Hold and a consensus target price of C$12.75.

Shares of TSE:RME opened at C$9.25 on Wednesday. Rocky Mountain Dealerships has a 1-year low of C$9.10 and a 1-year high of C$14.34. The company has a quick ratio of 0.11, a current ratio of 1.41 and a debt-to-equity ratio of 199.55.

Rocky Mountain Dealerships (TSE:RME) last issued its earnings results on Wednesday, November 7th. The company reported C$0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.39 by C($0.10). The company had revenue of C$233.37 million for the quarter, compared to analysts’ expectations of C$268.10 million. On average, analysts expect that Rocky Mountain Dealerships will post 1.22999994979592 EPS for the current year.

About Rocky Mountain Dealerships

Rocky Mountain Dealerships Inc, through its subsidiaries, sells, 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 4WD tractors, skid steer loaders, excavators, wheel loaders, and equipment for maintaining barns and feedlots.

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