AutoCanada (TSE:ACQ – Free Report) had its price target lowered by Scotiabank from C$28.00 to C$25.50 in a research note issued to investors on Monday, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.
Several other brokerages have also commented on ACQ. BMO Capital Markets decreased their price target on AutoCanada from C$23.00 to C$21.00 in a research note on Monday. Acumen Capital lowered shares of AutoCanada from a speculative buy rating to a hold rating and dropped their price objective for the stock from C$24.50 to C$21.50 in a report on Friday, May 3rd. CIBC cut AutoCanada from a neutral rating to an underperform rating and dropped their price target for the company from C$25.00 to C$18.00 in a report on Friday, May 3rd. Canaccord Genuity Group reduced their price target on shares of 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. Finally, Royal Bank of Canada lowered their price target on shares of AutoCanada from C$22.00 to C$21.00 and set a sector perform rating for the company in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, AutoCanada presently has an average rating of Hold and a consensus target price of C$23.00.
Read Our Latest Report on AutoCanada
AutoCanada Price Performance
AutoCanada (TSE:ACQ – Get Free Report) last announced its earnings results 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. The business had revenue of C$1.48 billion during the quarter, compared to the consensus estimate of C$1.43 billion. AutoCanada had a return on equity of 10.23% and a net margin of 0.78%. Analysts forecast that AutoCanada will post 3.0424469 EPS for the current year.
Insider Buying and Selling at AutoCanada
In other AutoCanada news, insider EdgePoint Investment Group Inc. purchased 1,200 shares of AutoCanada stock in a transaction that occurred on Monday, April 22nd. The stock was acquired at an average price of C$23.95 per share, with a total value of C$28,740.00. In the last 90 days, insiders bought 34,650 shares of company stock valued at $885,855. 4.70% of the stock is currently owned by company 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.
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