China Metro Rural (NYSEMKT:CNR) Stock Rating Reaffirmed by Barclays
China Metro Rural (NYSEMKT:CNR)‘s stock had its “hold” rating reiterated by Barclays in a research report issued on Monday, AnalystRatings.com reports. They currently have a $5.00 price objective on the financial services provider’s stock.
A number of other equities research analysts have also recently issued reports on CNR. Zacks Investment Research cut shares of China Metro Rural from a “hold” rating to a “sell” rating in a research report on Tuesday, July 9th. Raymond James reissued an “average” rating and issued a $135.00 target price on shares of China Metro Rural in a research report on Wednesday, July 24th. Finally, BMO Capital Markets boosted their target price on shares of China Metro Rural from $125.00 to $126.00 and gave the company a “market perform” rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $98.50.
China Metro Rural (NYSEMKT:CNR) last announced its earnings results on Wednesday, August 7th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.38 billion. The business’s revenue for the quarter was up 183.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.09) earnings per share.
About China Metro Rural
China Metro-Rural Holdings Limited is a developer and operator of integrated agricultural logistics and trade centers in China. The Company’s segments include agricultural logistics, and rural-urban migration and city re-development. The Company’s agricultural logistics business includes development and operation of integrated agricultural logistics and trade centers and supporting facilities, and property management, which engages in the management of developed properties within the logistics platforms, known as China Northeast Logistics Cities.
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