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 per share estimates for shares of Canaccord Genuity Group in a research note issued on Thursday. Cormark analyst J. Fenwick now forecasts that the financial services provider will earn $0.15 per share for the quarter, down from their previous estimate of $0.18.
Separately, TD Securities cut Canaccord Genuity Group from a “buy” rating to a “hold” rating and raised their target price for the stock from C$6.00 to C$6.50 in a research report on Monday, February 5th.
In related news, Director Terrence Lyons acquired 5,400 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was purchased at an average cost of C$5.74 per share, for a total transaction of C$30,996.00. Also, Director Marcus Geoffrey John Freeman acquired 13,300 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were bought at an average price of C$4.34 per share, with a total value of C$57,722.00. Over the last ninety days, insiders purchased 112,900 shares of company stock valued at $519,212.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, March 2nd will be given a $0.01 dividend. The ex-dividend date is Thursday, March 1st. This represents a $0.04 annualized dividend and a yield of 0.67%. Canaccord Genuity Group’s dividend payout ratio (DPR) is currently 23.08%.
COPYRIGHT VIOLATION NOTICE: “Cormark Brokers Lower Earnings Estimates for Canaccord Genuity Group Inc (CF)” was published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at https://theolympiareport.com/2018/02/12/cormark-brokers-lower-earnings-estimates-for-canaccord-genuity-group-inc-cf.html.
Canaccord Genuity Group Company Profile
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.
Receive News & Ratings for Canaccord Genuity Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canaccord Genuity Group and related companies with MarketBeat.com's FREE daily email newsletter.