RONA (RON) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS
RONA (TSE:RON) posted its quarterly earnings results on Wednesday. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.01, American Banking News.com reports.
Several analysts have recently commented on the stock. Analysts at National Bank Financial raised their price target on shares of RONA from C$11.50 to C$12.00 in a research note on Tuesday, August 5th. They now have a “sector perform” rating on the stock. On a related note, analysts at BMO Capital Markets cut their price target on shares of RONA from C$13.50 to C$11.00 in a research note on Tuesday, August 5th. They now have a “market perform” rating on the stock. Finally, analysts at NBF raised their price target on shares of RONA from C$11.50 to C$12.00 in a research note on Tuesday, August 5th. They now have a “sector perform” rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of C$12.10.
RONA (TSE:RON) opened at 12.77 on Wednesday. RONA has a one year low of $10.61 and a one year high of $13.54. The stock has a 50-day moving average of $11.85 and a 200-day moving average of $11.50. The company’s market cap is $1.536 billion.
RONA inc. is a Canada-based distributor and retailer of hardware, home improvement and gardening products.
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