AutoCanada (TSE:ACQ) Downgraded by National Bank Financial to “Sector Perform Market Weight”

AutoCanada (TSE:ACQGet Rating) was downgraded by equities researchers at National Bank Financial from an “outperform market weight” rating to a “sector perform market weight” rating in a research note issued to investors on Thursday.

Several other equities analysts also recently weighed in on the company. Scotiabank raised their target price on AutoCanada from C$48.00 to C$50.00 in a research report on Friday. CIBC raised their target price on AutoCanada from C$46.00 to C$46.50 in a research report on Monday, April 25th. National Bankshares downgraded AutoCanada from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$52.00 to C$37.00 in a research report on Friday. ATB Capital raised their target price on AutoCanada from C$87.00 to C$90.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Cormark set a C$55.00 target price on AutoCanada in a research report on Friday, March 4th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, AutoCanada has an average rating of “Buy” and a consensus target price of C$57.38.

Shares of ACQ opened at C$30.37 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 280.29. AutoCanada has a 12 month low of C$26.80 and a 12 month high of C$59.26. The stock’s 50 day moving average is C$32.08 and its two-hundred day moving average is C$36.07. The firm has a market cap of C$811.09 million and a P/E ratio of 5.42.

AutoCanada (TSE:ACQGet Rating) last released its earnings results on Thursday, March 3rd. The company reported C$0.84 earnings per share for the quarter, beating the consensus estimate of C$0.81 by C$0.03. The firm had revenue of C$1.20 billion during the quarter, compared to analysts’ expectations of C$1.11 billion. Equities research analysts forecast that AutoCanada will post 4.4999999 EPS for the current year.

In other AutoCanada news, Director Barry Lee James bought 1,550 shares of AutoCanada stock in a transaction on Friday, March 25th. The shares were bought at an average price of C$32.94 per share, for a total transaction of C$51,063.05. Following the completion of the transaction, the director now directly owns 19,417 shares of the company’s stock, valued at C$639,671.71.

AutoCanada Company Profile (Get Rating)

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships. 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, and vehicle protection and other after-market products.

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