AutoCanada Inc. (TSE:ACQ) has earned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$17.71.
Several equities research analysts have recently commented on the stock. AltaCorp Capital downgraded shares of AutoCanada from an “outperform” rating to a “sector perform” rating in a research note on Monday, August 13th. Cormark lifted their price objective on shares of AutoCanada from C$9.00 to C$10.75 in a research note on Wednesday, September 26th. Canaccord Genuity upgraded shares of AutoCanada from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$11.00 to C$14.00 in a research note on Monday, November 12th. Royal Bank of Canada lowered their price objective on shares of AutoCanada from C$18.00 to C$17.00 and set an “outperform” rating for the company in a research note on Tuesday, November 6th. Finally, National Bank Financial downgraded shares of AutoCanada from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$23.50 to C$15.00 in a research note on Friday, August 10th.
In related news, insider Raj Juneja acquired 6,400 shares of the stock in a transaction dated Friday, November 16th. The stock was acquired at an average cost of C$11.05 per share, for a total transaction of C$70,720.00. Insiders have bought 16,450 shares of company stock valued at $187,040 over the last quarter.
ACQ traded up C$0.04 during trading on Wednesday, hitting C$11.76. The stock had a trading volume of 125,908 shares, compared to its average volume of 202,250. AutoCanada has a twelve month low of C$8.36 and a twelve month high of C$24.21. The company has a debt-to-equity ratio of 243.34, a quick ratio of 0.21 and a current ratio of 1.13.
AutoCanada (TSE:ACQ) last announced its earnings results on Thursday, November 8th. The company reported C($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.35 by C($0.37). The business had revenue of C$866.92 million for the quarter, compared to the consensus estimate of C$841.38 million. Equities analysts expect that AutoCanada will post 1.52999981290429 EPS for the current fiscal year.
AutoCanada Company Profile
AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, and New Brunswick. 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, extended service contracts, vehicle protection products, and other after-market products.
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