Canaccord Financial (CF) Releases Quarterly Earnings, Beats Expectations By $0.02 EPS
Canaccord Financial (TSE:CF) issued its quarterly earnings data on Wednesday. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.02, StockRatingsNetwork reports.
On a related note, analysts at RBC Capital upgraded shares of Canaccord Financial to an “outperform” rating in a research note on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Canaccord Financial presently has an average rating of “Buy” and a consensus price target of C$8.08.
Shares of Canaccord Financial (TSE:CF) opened at 11.08 on Wednesday. Canaccord Financial has a one year low of $5.24 and a one year high of $11.09. The stock has a 50-day moving average of $9.59 and a 200-day moving average of $7.87. The company has a market cap of $1.029 billion and a price-to-earnings ratio of 49.36.
Canaccord Financial Inc, through its principal subsidiaries, is an independent, full-service financial services company.
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