FY2017 Earnings Estimate for City Developments Limited Issued By Jefferies Group (CDEVY)
City Developments Limited (OTCMKTS:CDEVY) – Research analysts at Jefferies Group increased their FY2017 EPS estimates for City Developments in a note issued to investors on Thursday. Jefferies Group analyst K. Guha now anticipates that the company will earn $0.55 per share for the year, up from their prior forecast of $0.52. Jefferies Group also issued estimates for City Developments’ FY2018 earnings at $0.61 EPS.
Separately, Zacks Investment Research upgraded City Developments from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Friday.
Shares of City Developments (OTCMKTS:CDEVY) opened at $9.72 on Friday. The stock has a market capitalization of $8,820.22, a PE ratio of 21.13, a PEG ratio of 5.30 and a beta of 1.09. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.22 and a current ratio of 1.22. City Developments has a 1-year low of $5.76 and a 1-year high of $9.83.
COPYRIGHT VIOLATION NOTICE: “FY2017 Earnings Estimate for City Developments Limited Issued By Jefferies Group (CDEVY)” was first published by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/fy2017-earnings-estimate-for-city-developments-limited-issued-by-jefferies-group-cdevy/1797679.html.
About City Developments
City Developments Limited is a real estate operating company with its presence spanning approximately 100 locations in over 30 countries. The principal activities of the Company are those of a property developer and owner, and investment holding. The principal activities of the subsidiaries are those of property developers and owners, hotel owners and operators, a club operator and owner, investment in properties and in shares, property management, project management and provision of consultancy services, hospitality-related information technology, procurement services and provision of laundry services.
Receive News & Ratings for City Developments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for City Developments and related companies with MarketBeat.com's FREE daily email newsletter.