Rocky Mountain Dealerships (RME) PT Lowered to C$11.50

Rocky Mountain Dealerships (TSE:RME) had its target price dropped by research analysts at TD Securities from C$12.00 to C$11.50 in a note issued to investors on Friday. The firm currently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 29.21% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the stock. CIBC decreased their price target on shares of Rocky Mountain Dealerships from C$11.50 to C$10.50 in a research note on Tuesday, January 15th. Raymond James raised shares of Rocky Mountain Dealerships to a “buy” rating and set a C$12.00 price target for the company in a research note on Thursday, December 13th. Finally, National Bank Financial decreased their price target on shares of Rocky Mountain Dealerships from C$11.50 to C$10.50 and set a “sector perform” rating for the company in a research note on Thursday.

Rocky Mountain Dealerships stock opened at C$8.90 on Friday. The stock has a market cap of $175.01 million and a price-to-earnings 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 has a 1 year low of C$8.19 and a 1 year high of C$13.00.

Rocky Mountain Dealerships (TSE:RME) last announced its earnings results on Wednesday, March 13th. The company reported C$0.33 EPS for the quarter, hitting the consensus estimate of C$0.33. The company had revenue of C$295.42 million for the quarter, compared to analyst estimates of C$298.20 million. On average, analysts forecast that Rocky Mountain Dealerships will post 1.05999990230416 earnings per share 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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