Cormark Brokers Lower Earnings Estimates for Canaccord Genuity Group Inc (CF)

Canaccord Genuity Group Inc (TSE:CF) – Stock analysts at Cormark dropped their Q4 2019 earnings estimates for shares of Canaccord Genuity Group in a research note issued on Thursday. Cormark analyst J. Fenwick now anticipates that the financial services provider will earn $0.15 per share for the quarter, down from their prior forecast of $0.18.

Separately, TD Securities reduced their price target on Canaccord Genuity Group from C$7.00 to C$6.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th.

Canaccord Genuity Group (TSE CF) opened at C$5.93 on Monday. Canaccord Genuity Group has a twelve month low of C$4.08 and a twelve month high of C$6.85. The stock has a market capitalization of $673.12, a PE ratio of 45.62 and a beta of 1.25.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, March 2nd will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.04 dividend on an annualized basis and a yield of 0.67%. Canaccord Genuity Group’s dividend payout ratio is presently 23.08%.

In other news, Director Marcus Geoffrey John Freeman acquired 13,300 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were acquired at an average cost of C$4.34 per share, with a total value of C$57,722.00. Also, Director Terrence Lyons acquired 5,400 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were purchased at an average cost of C$5.74 per share, for a total transaction of C$30,996.00. In the last 90 days, insiders have purchased 112,900 shares of company stock worth $519,212.

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About Canaccord Genuity Group

Canaccord Genuity Group Inc is a Canada-based independent financial services company. The Company has operations in two principal segments of the securities industry: wealth management and capital markets. The Company’s segments include Canaccord Genuity, Canaccord Genuity Wealth Management, and Corporate and Other.

Earnings History and Estimates for Canaccord Genuity Group (TSE:CF)

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