Rocky Mountain Dealerships Inc. (TSE:RME) – Equities researchers at National Bank Financial lifted their FY2018 earnings per share (EPS) estimates for shares of Rocky Mountain Dealerships in a research note issued on Tuesday. National Bank Financial analyst G. Colman now forecasts that the company will post earnings per share of $1.41 for the year, up from their previous estimate of $1.39. National Bank Financial has a “Outperform” rating and a $17.00 price target on the stock.
Several other analysts also recently weighed in on the company. CIBC downgraded Rocky Mountain Dealerships from an “outperform” rating to a “neutral” rating and boosted their price target for the company from C$13.50 to C$15.00 in a research note on Tuesday, January 9th. TD Securities upped their price target on Rocky Mountain Dealerships from C$13.50 to C$16.00 and gave the stock a “buy” rating in a report on Monday, January 8th. Finally, Raymond James Financial increased their target price on Rocky Mountain Dealerships from C$13.00 to C$14.50 and gave the company an “outperform” rating in a report on Thursday, November 9th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$14.50.
Rocky Mountain Dealerships (TSE:RME) last issued its earnings results on Wednesday, November 8th. The company reported C$0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.33 by C$0.11. Rocky Mountain Dealerships had a return on equity of 19.81% and a net margin of 3.80%.
In related news, Director Garrett Andrew Wyatt Ganden sold 50,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of C$13.60, for a total transaction of C$680,000.00. Also, insider Jerald Palmer sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of C$12.38, for a total value of C$185,700.00. Over the last 90 days, insiders sold 127,600 shares of company stock worth $1,678,900.
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About Rocky Mountain Dealerships
Rocky Mountain Dealerships Inc is an agriculture equipment dealer with a network of full-service agriculture and industrial equipment stores across the Canadian Prairie Provinces. The Company operates in two segments: agriculture segment and industrial segment. The agriculture segment primarily includes sales of agricultural equipment, parts and services, and the industrial segment includes sales of industrial equipment, parts and services.
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