China Metro Rural (NYSEMKT:CNR) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02, RTT News reports. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the business earned $0.55 EPS. The firm’s revenue was up 134.3% on a year-over-year basis.
In other news, CEO Donald Riley bought 25,500 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was bought at an average price of $3.94 per share, for a total transaction of $100,470.00. The purchase was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have issued reports on CNR shares. CIBC decreased their price target on China Metro Rural from $122.00 to $119.00 in a research note on Wednesday, October 23rd. National Bank Financial cut their price objective on 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. JPMorgan Chase & Co. cut their price objective on China Metro Rural from $128.00 to $123.00 in a report on Wednesday, October 23rd. Raymond James set a $135.00 price objective on China Metro Rural and gave the stock a “market perform” rating in a report on Wednesday, October 23rd. Finally, Barclays restated a “hold” rating and issued a $5.00 price objective on shares of China Metro Rural in a report on Monday, August 12th. Six analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus price target of $107.57.
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.
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