AutoCanada (TSE:ACQ – Get Free Report) had its target price decreased by BMO Capital Markets from C$23.00 to C$21.00 in a report released on Monday, BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential downside of 0.24% from the stock’s current price.
Several other equities analysts have also commented on the company. Royal Bank of Canada cut their price target on AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a research note on Friday, May 3rd. Cormark set a C$35.00 price target on shares of AutoCanada in a report on Tuesday, March 19th. National Bankshares dropped their price objective on shares of 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. CIBC downgraded shares of AutoCanada from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from C$25.00 to C$18.00 in a research note on Friday, May 3rd. 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 research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$23.00.
Read Our Latest Stock Report on ACQ
AutoCanada Stock Performance
AutoCanada (TSE:ACQ – Get Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported C$0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.56 by C$0.13. AutoCanada had a net margin of 0.78% and a return on equity of 10.23%. The business had revenue of C$1.48 billion during the quarter, compared to the consensus estimate of C$1.43 billion. Sell-side analysts predict that AutoCanada will post 3.0424469 earnings per share for the current year.
Insider Transactions at AutoCanada
In related news, insider EdgePoint Investment Group Inc. bought 1,200 shares of the stock in a transaction dated Monday, April 22nd. The shares were acquired at an average cost of C$23.95 per share, for a total transaction of C$28,740.00. Over the last three months, insiders have acquired 34,650 shares of company stock valued at $885,855. Corporate 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.
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