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

AutoCanada (TSE:ACQ) had its price target dropped by stock analysts at BMO Capital Markets from C$23.00 to C$21.00 in a research note issued on Monday, BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential downside of 0.24% from the company’s previous close.

A number of other analysts have also issued reports on the stock. CIBC lowered shares of AutoCanada from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from C$25.00 to C$18.00 in a research note on Friday, May 3rd. Acumen Capital lowered shares of AutoCanada from a “speculative buy” rating to a “hold” rating and cut their price objective for the stock from C$24.50 to C$21.50 in a report on Friday, May 3rd. Royal Bank of Canada lowered their target price on AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a research note on Friday, May 3rd. National Bankshares cut their price target on AutoCanada from C$24.00 to C$22.00 and set a “sector perform” rating on the stock in a research note on Friday, May 3rd. Finally, Canaccord Genuity Group reduced their price target on AutoCanada from C$20.00 to C$18.00 and set a “hold” rating for the company in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, AutoCanada currently has an average rating of “Hold” and an average price target of C$23.00.

AutoCanada Price Performance

AutoCanada stock opened at C$21.05 on Monday. The company has a quick ratio of 0.25, a current ratio of 1.04 and a debt-to-equity ratio of 396.08. The firm has a market capitalization of C$496.99 million, a P/E ratio of 10.22, a PEG ratio of 0.30 and a beta of 2.60. The firm has a fifty day moving average of C$24.01 and a 200-day moving average of C$22.36. AutoCanada has a 52-week low of C$15.14 and a 52-week high of C$27.54.

AutoCanada (TSE:ACQ) last released its quarterly earnings data on Thursday, March 7th. The company reported C$0.69 EPS for the quarter, beating 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 company had revenue of C$1.48 billion for the quarter, compared to analyst estimates of C$1.43 billion. As a group, analysts predict that AutoCanada will post 3.0424469 EPS for the current year.

Insider Transactions at AutoCanada

In other AutoCanada news, insider EdgePoint Investment Group Inc. acquired 4,700 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was purchased at an average price of C$23.75 per share, with a total value of C$111,604.79. In the last quarter, insiders bought 34,650 shares of company stock worth $885,855. 4.70% of the stock is currently owned by corporate insiders.

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.