China Metro Rural (NYSEMKT:CNR) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of China Metro Rural (NYSEMKT:CNR) from a hold rating to a sell rating in a research note released on Wednesday, Zacks.com reports.

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CNR has been the subject of several other research reports. Raymond James restated an average rating and set a $135.00 price target on shares of China Metro Rural in a research report on Wednesday, July 24th. Barclays restated a hold rating and set a $5.00 price target on shares of China Metro Rural in a research report on Monday, August 12th. Finally, BMO Capital Markets upped their price target on shares of China Metro Rural from $125.00 to $126.00 and gave the stock a market perform rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $98.50.

China Metro Rural (NYSEMKT:CNR) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. The firm’s quarterly revenue was up 183.4% on a year-over-year basis.

In related news, Director Gary L. Forbes acquired 10,000 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was purchased at an average price of $4.45 per share, with a total value of $44,500.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jeffrey S. Lee acquired 80,000 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were bought at an average cost of $5.85 per share, with a total value of $468,000.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 328,500 shares of company stock valued at $1,541,030.

China Metro Rural Company Profile

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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