Rocky Mountain Dealerships (RME) Price Target Cut to C$12.00

Rocky Mountain Dealerships (TSE:RME) had its target price dropped by equities researchers at Laurentian from C$14.00 to C$12.00 in a report released on Thursday. Laurentian’s price objective indicates a potential upside of 29.73% from the company’s current price.

Other equities analysts have also issued reports about the company. National Bank Financial lowered Rocky Mountain Dealerships from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$16.00 to C$13.00 in a research report on Thursday, August 9th. Royal Bank of Canada restated a “sector perform” rating and set a C$11.00 price objective on shares of Rocky Mountain Dealerships in a report on Monday, October 29th. Finally, TD Securities dropped their price objective on Rocky Mountain Dealerships from C$16.00 to C$15.00 and set a “buy” rating on the stock in a report on Monday, August 13th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of C$12.75.

Rocky Mountain Dealerships stock opened at C$9.25 on Thursday. The company has a debt-to-equity ratio of 199.55, a quick ratio of 0.11 and a current ratio of 1.41. Rocky Mountain Dealerships has a one year low of C$9.10 and a one year high of C$14.34.

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

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