Rocky Mountain Dealerships Inc. to Post FY2017 Earnings of $1.10 Per Share, National Bank Financial Forecasts (RME)
Rocky Mountain Dealerships Inc. (TSE:RME) – Investment analysts at National Bank Financial boosted their FY2017 earnings estimates for Rocky Mountain Dealerships in a research note issued on Wednesday. National Bank Financial analyst G. Colman now forecasts that the company will post earnings per share of $1.10 for the year, up from their prior estimate of $0.96. National Bank Financial has a “Outperform” rating and a $14.00 price objective on the stock. National Bank Financial also issued estimates for Rocky Mountain Dealerships’ FY2018 earnings at $1.15 EPS.
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Other equities analysts have also recently issued reports about the company. CIBC raised their price objective on Rocky Mountain Dealerships from C$12.00 to C$13.00 in a report on Thursday, August 10th. TD Securities lifted their price target on Rocky Mountain Dealerships from C$13.00 to C$13.50 and gave the stock a “buy” rating in a research note on Thursday. Finally, Raymond James Financial, Inc. lifted their price target on Rocky Mountain Dealerships from C$13.00 to C$14.50 and gave the stock an “outperform” rating in a research note on Thursday.
Rocky Mountain Dealerships (TSE RME) opened at C$12.39 on Monday. Rocky Mountain Dealerships has a 1-year low of C$8.83 and a 1-year high of C$12.49.
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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