Canaccord Genuity Group Inc. (TSE:CF - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$8.73 and traded as high as C$9.97. Canaccord Genuity Group shares last traded at C$9.95, with a volume of 102,124 shares trading hands.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on CF shares. Raymond James dropped their target price on shares of Canaccord Genuity Group from C$11.00 to C$10.00 and set a "buy" rating for the company in a report on Wednesday, August 14th. TD Securities reduced their price objective on Canaccord Genuity Group from C$11.00 to C$10.00 in a report on Tuesday, August 13th. Finally, Ventum Cap Mkts upgraded Canaccord Genuity Group to a "strong-buy" rating in a research report on Monday, August 12th.
Read Our Latest Analysis on CF
Canaccord Genuity Group Stock Down 1.0 %
The company has a debt-to-equity ratio of 52.93, a current ratio of 1.21 and a quick ratio of 1.05. The firm has a market capitalization of C$952.20 million, a price-to-earnings ratio of -98.10, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The firm's 50-day moving average price is C$8.78 and its 200 day moving average price is C$8.74.
Canaccord Genuity Group (TSE:CF - Get Free Report) last announced its earnings results on Thursday, August 8th. The financial services provider reported C$0.13 EPS for the quarter, missing analysts' consensus estimates of C$0.21 by C($0.08). Canaccord Genuity Group had a net margin of 0.18% and a return on equity of 3.45%. The company had revenue of C$428.17 million for the quarter, compared to analyst estimates of C$424.52 million. Sell-side analysts expect that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current year.
Canaccord Genuity Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 30th were paid a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 3.45%. The ex-dividend date was Friday, August 30th. Canaccord Genuity Group's payout ratio is -340.00%.
About Canaccord Genuity Group
(
Get Free Report)
Canaccord Genuity Group Inc operates as a full-service investment dealer in Canada, the United States, the United Kingdom, Europe, Crown Dependencies, and Australia. It operates through two segments: Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, and trading services for corporate, institutional, and government clients.
Further Reading
Before you consider Canaccord Genuity Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Canaccord Genuity Group wasn't on the list.
While Canaccord Genuity Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
