AutoCanada (TSE:ACQ) Raised to “Outperform” at National Bankshares

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

ACQ has been the topic of several other reports. Canaccord Genuity Group decreased their price objective on AutoCanada from C$18.00 to C$15.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Cormark reduced their price objective on AutoCanada from C$25.50 to C$21.75 in a research note on Wednesday, August 14th. BMO Capital Markets lowered their price objective on AutoCanada from C$21.00 to C$19.50 and set a “market perform” rating for the company in a research note on Wednesday, August 14th. ATB Capital cut their target price on AutoCanada from C$25.00 to C$20.00 in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada lowered their price target on AutoCanada from C$21.00 to C$18.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$19.50.

AutoCanada Price Performance

TSE ACQ traded down C$0.32 on Thursday, reaching C$18.58. The company had a trading volume of 21,753 shares, compared to its average volume of 47,775. The stock has a market capitalization of C$430.87 million, a PE ratio of -12.04, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. AutoCanada has a 12 month low of C$13.75 and a 12 month high of C$27.44. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 444.38. The firm’s 50 day moving average price is C$15.47 and its 200 day moving average price is C$17.78.

AutoCanada (TSE:ACQ) last issued its earnings results on Tuesday, August 13th. The company reported C($0.96) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.34 by C($1.30). AutoCanada had a negative return on equity of 6.62% and a negative net margin of 0.59%. The firm had revenue of C$1.60 billion during the quarter, compared to the consensus estimate of C$1.62 billion. As a group, equities analysts predict that AutoCanada will post 2.4311927 earnings per share for the current year.

Insider Transactions at AutoCanada

In related news, insider EdgePoint Investment Group Inc. bought 27,200 shares of AutoCanada stock in a transaction dated Friday, September 20th. The shares were acquired at an average cost of C$15.47 per share, with a total value of C$420,900.96. Over the last ninety days, insiders acquired 119,500 shares of company stock worth $1,779,856. 4.90% of the stock is currently owned by 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.