AutoCanada (TSE:ACQ) Given New C$22.00 Price Target at National Bankshares

AutoCanada (TSE:ACQ) had its price objective trimmed by National Bankshares from C$24.00 to C$22.00 in a report released on Friday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other analysts also recently commented on ACQ. Acumen Capital downgraded shares of AutoCanada from a speculative buy rating to a hold rating and cut their price objective for the company from C$24.50 to C$21.50 in a report on Friday. Canaccord Genuity Group reduced their price objective on AutoCanada from C$20.00 to C$18.00 and set a hold rating on the stock in a research report on Friday. BMO Capital Markets dropped their target price on AutoCanada from C$24.00 to C$23.00 and set a market perform rating for the company in a report on Friday, March 8th. ATB Capital lowered AutoCanada from an outperform rating to a sector perform rating and reduced their price target for the stock from C$62.00 to C$25.00 in a report on Friday. Finally, Scotiabank boosted their price target on shares of AutoCanada from C$26.00 to C$28.00 and gave the company an outperform rating in a research report on Friday, March 8th. 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 stock. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of C$23.50.

AutoCanada Stock Down 1.2 %

ACQ stock opened at C$20.33 on Friday. The firm has a market cap of C$479.99 million, a PE ratio of 9.87, a P/E/G ratio of 0.30 and a beta of 2.60. AutoCanada has a one year low of C$15.14 and a one year high of C$27.54. The firm’s fifty day moving average is C$24.01 and its 200 day moving average is C$22.40. The company has a debt-to-equity ratio of 396.08, a quick ratio of 0.25 and a current ratio of 1.04.

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

Insider Activity at AutoCanada

In other news, insider EdgePoint Investment Group Inc. bought 1,200 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were bought at an average price of C$23.95 per share, with a total value of C$28,740.00. In the last ninety days, insiders have purchased 34,650 shares of company stock worth $885,855. Company 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.