AutoCanada (TSE:ACQ) Upgraded at National Bankshares

National Bankshares upgraded shares of AutoCanada (TSE:ACQ) from a sector perform rating to an outperform rating in a report published on Thursday,BayStreet.CA reports. They currently have C$21.00 price target on the stock, up from their previous price target of C$17.00.

ACQ has been the subject of a number of other research reports. Acumen Capital decreased their price target on shares of AutoCanada from C$21.50 to C$19.75 in a research note on Thursday, August 15th. Cormark decreased their target price on shares of AutoCanada from C$25.50 to C$21.75 in a research note on Wednesday, August 14th. CIBC lowered their price target on AutoCanada from C$18.00 to C$15.50 and set an “underperform” rating on the stock in a report on Wednesday, August 14th. Royal Bank of Canada reduced their price objective on AutoCanada from C$21.00 to C$18.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. Finally, ATB Capital lowered their target price on AutoCanada from C$25.00 to C$20.00 in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$19.44.

AutoCanada Price Performance

ACQ stock opened at C$18.90 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 444.38. The company has a market capitalization of C$438.29 million, a P/E ratio of -12.04, a PEG ratio of 0.30 and a beta of 2.54. The business has a 50 day simple moving average of C$15.56 and a 200-day simple moving average of C$17.70. AutoCanada has a twelve month low of C$13.75 and a twelve month high of C$27.44.

Insider Buying and Selling at AutoCanada

In related news, insider EdgePoint Investment Group Inc. bought 7,600 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were bought at an average cost of C$14.33 per share, for a total transaction of C$108,939.16. In the last 90 days, insiders have acquired 119,500 shares of company stock valued at $1,779,856. 4.90% of the stock is 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.