Canaccord Genuity Group Inc (TSE:CF) – Investment analysts at Cormark cut their Q3 2020 EPS estimates for Canaccord Genuity Group in a report issued on Friday, November 8th, according to Zacks Investment Research. Cormark analyst J. Fenwick now anticipates that the financial services provider will earn $0.18 per share for the quarter, down from their previous estimate of $0.19. Cormark also issued estimates for Canaccord Genuity Group’s Q1 2021 earnings at $0.19 EPS, Q2 2021 earnings at $0.19 EPS, Q3 2021 earnings at $0.21 EPS, Q4 2021 earnings at $0.21 EPS and FY2021 earnings at $0.80 EPS.
Separately, TD Securities decreased their price target on shares of Canaccord Genuity Group from C$9.50 to C$8.00 and set a “buy” rating on the stock in a report on Friday, November 8th.
CF stock traded up C$0.07 during midday trading on Monday, reaching C$4.99. 196,697 shares of the company’s stock traded hands, compared to its average volume of 188,420. The company has a 50-day moving average price of C$5.16 and a two-hundred day moving average price of C$5.30. The company has a debt-to-equity ratio of 40.74, a quick ratio of 1.07 and a current ratio of 1.16. Canaccord Genuity Group has a 52 week low of C$4.62 and a 52 week high of C$6.88. The firm has a market capitalization of $490.56 million and a PE ratio of 9.43.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 20th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, November 28th. This represents a $0.20 annualized dividend and a yield of 4.01%. Canaccord Genuity Group’s payout ratio is 15.12%.
About Canaccord Genuity Group
Canaccord Genuity Group Inc, an independent and full-service financial services company, provides investment solutions, and brokerage and investment banking services to individual, institutional, corporate, and government clients. It operates in two segments, Canaccord Genuity and Canaccord Genuity Wealth Management.
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