China Metro Rural Holdings Ltd (NYSEMKT:CNR) CEO Donald Riley bought 25,500 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was acquired at an average cost of $3.94 per share, with a total value of $100,470.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
China Metro Rural (NYSEMKT:CNR) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.38 billion. China Metro Rural’s quarterly revenue was up 183.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.09) EPS.
A number of research analysts have issued reports on the company. Zacks Investment Research cut China Metro Rural from a “hold” rating to a “sell” rating in a research note on Tuesday, July 9th. Barclays restated a “hold” rating and issued a $5.00 price target on shares of China Metro Rural in a report on Monday. Raymond James restated an “average” rating and issued a $135.00 price target on shares of China Metro Rural in a report on Wednesday, July 24th. Finally, BMO Capital Markets boosted their price target on China Metro Rural from $125.00 to $126.00 and gave the company a “market perform” rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $98.50.
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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