AutoCanada (TSE:ACQ - Get Free Report) had its target price dropped by research analysts at Royal Bank of Canada from C$22.00 to C$21.00 in a report released on Friday, BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. Royal Bank of Canada's target price indicates a potential upside of 3.30% from the company's previous close.
Several other analysts have also recently commented on ACQ. Scotiabank raised their price objective on shares of AutoCanada from C$26.00 to C$28.00 and gave the company an "outperform" rating in a research note on Friday, March 8th. Canaccord Genuity Group cut their price target on shares of AutoCanada from C$20.00 to C$18.00 and set a "hold" rating on the stock in a research note on Friday. Cormark set a C$35.00 target price on AutoCanada in a report on Tuesday, March 19th. Acumen Capital downgraded AutoCanada from a "speculative buy" rating to a "hold" rating and lowered their price target for the company from C$24.50 to C$21.50 in a report on Friday. Finally, National Bankshares lowered their price objective on AutoCanada from C$24.00 to C$22.00 and set a "sector perform" rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of C$22.95.
Read Our Latest Stock Analysis on ACQ
AutoCanada Stock Performance
ACQ traded down C$0.24 during trading on Friday, reaching C$20.33. The company's stock had a trading volume of 391,491 shares, compared to its average volume of 40,340. The company has a debt-to-equity ratio of 396.08, a quick ratio of 0.25 and a current ratio of 1.04. The company's fifty day moving average price is C$24.01 and its 200-day moving average price is C$22.44. The company has a market capitalization of C$479.99 million, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 0.30 and a beta of 2.60. AutoCanada has a 52-week low of C$15.14 and a 52-week high of C$27.54.
AutoCanada (TSE:ACQ - Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The company reported C$0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.56 by C$0.13. AutoCanada had a return on equity of 10.23% and a net margin of 0.78%. The firm had revenue of C$1.48 billion during the quarter, compared to analysts' expectations of C$1.43 billion. On average, equities analysts forecast that AutoCanada will post 3.0424469 earnings per share for the current fiscal year.
Insider Activity
In other AutoCanada news, insider EdgePoint Investment Group Inc. purchased 3,750 shares of the business's stock in a transaction dated Wednesday, March 13th. The shares were bought at an average price of C$23.92 per share, with a total value of C$89,694.38. Over the last quarter, insiders bought 34,650 shares of company stock valued at $885,855. 4.70% of the stock is currently owned by company insiders.
About AutoCanada
(
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AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships and related business. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, and extended service contracts; and vehicle protection, after-market products, and auction services.
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