National Bank Financial Cuts Rocky Mountain Dealerships (RME) Price Target to C$10.50

Rocky Mountain Dealerships (TSE:RME) had its price target decreased by equities research analysts at National Bank Financial from C$11.50 to C$10.50 in a research note issued to investors on Thursday. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 17.98% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Raymond James dropped their target price on shares of Rocky Mountain Dealerships from C$12.00 to C$11.50 and set an “outperform” rating on the stock in a research report on Thursday. CIBC dropped their target price on shares of Rocky Mountain Dealerships from C$11.50 to C$10.50 in a research report on Tuesday, January 15th.

Shares of RME stock opened at C$8.90 on Thursday. Rocky Mountain Dealerships has a 1 year low of C$8.19 and a 1 year high of C$13.00. The firm has a market cap of $175.01 million and a P/E ratio of 9.03. The company has a debt-to-equity ratio of 192.69, a quick ratio of 0.10 and a current ratio of 1.41.

Rocky Mountain Dealerships (TSE:RME) last announced its earnings results on Wednesday, March 13th. The company reported C$0.33 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of C$0.33. The company had revenue of C$295.42 million for the quarter, compared to the consensus estimate of C$298.20 million. Analysts predict that Rocky Mountain Dealerships will post 1.05999990230416 EPS for the current year.

Rocky Mountain Dealerships Company Profile

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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