AutoCanada (TSE:ACQ) PT Lowered to C$21.00

AutoCanada (TSE:ACQ) had its price target trimmed by Royal Bank of Canada from C$22.00 to C$21.00 in a report published on Friday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other brokerages have also recently weighed in on ACQ. Cormark set a C$35.00 price target on shares of AutoCanada in a research note on Tuesday, March 19th. BMO Capital Markets decreased their target price on shares of AutoCanada from C$24.00 to C$23.00 and set a market perform rating for the company in a research report on Friday, March 8th. Scotiabank boosted their price target on shares of AutoCanada from C$26.00 to C$28.00 and gave the stock an outperform rating in a research report on Friday, March 8th. ATB Capital cut AutoCanada from an outperform rating to a sector perform rating and decreased their price objective for the company from C$62.00 to C$25.00 in a report on Friday. Finally, Canaccord Genuity Group dropped their target price on AutoCanada from C$20.00 to C$18.00 and set a hold rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of C$23.00.

AutoCanada Trading Up 3.5 %

Shares of TSE:ACQ opened at C$21.05 on Friday. The firm has a market cap of C$496.99 million, a price-to-earnings ratio of 10.22, a PEG ratio of 0.30 and a beta of 2.60. The company has a quick ratio of 0.25, a current ratio of 1.04 and a debt-to-equity ratio of 396.08. AutoCanada has a 12 month low of C$15.14 and a 12 month high of C$27.54. The company’s fifty day simple moving average is C$24.01 and its 200 day simple moving average is C$22.38.

AutoCanada (TSE:ACQ) last issued its quarterly earnings results on Thursday, March 7th. The company reported C$0.69 EPS for the quarter, beating analysts’ consensus estimates of C$0.56 by C$0.13. The company had revenue of C$1.48 billion for the quarter, compared to analyst estimates of C$1.43 billion. AutoCanada had a return on equity of 10.23% and a net margin of 0.78%. As a group, research analysts forecast that AutoCanada will post 3.0424469 EPS for the current fiscal year.

Insider Activity at AutoCanada

In other AutoCanada news, insider EdgePoint Investment Group Inc. bought 3,750 shares of AutoCanada stock in a transaction dated Wednesday, March 13th. The stock was bought at an average cost of C$23.92 per share, for a total transaction of C$89,694.38. In the last ninety days, insiders bought 34,650 shares of company stock worth $885,855. Insiders own 4.70% of the company’s stock.

AutoCanada Company Profile

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.