AutoCanada (TSE:ACQ) Given New C$35.00 Price Target at Acumen Capital

AutoCanada (TSE:ACQ – Get Rating) had its target price decreased by Acumen Capital from C$40.00 to C$35.00 in a research note released on Monday morning, BayStreet.CA reports.

ACQ has been the subject of a number of other reports. ATB Capital reduced their price objective on shares of AutoCanada from C$90.00 to C$80.00 in a research report on Tuesday, January 31st. Scotiabank reduced their target price on shares of AutoCanada from C$35.00 to C$34.00 in a report on Friday. National Bankshares reduced their target price on shares of AutoCanada from C$27.00 to C$26.00 and set a sector perform rating for the company in a report on Friday. Cormark reduced their target price on shares of AutoCanada from C$43.50 to C$36.25 in a report on Friday. Finally, CIBC dropped their price objective on shares of AutoCanada from C$28.00 to C$27.00 and set a neutral rating for the company in a research note on Friday. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of C$37.58.

AutoCanada Stock Down 7.8 %

ACQ stock opened at C$21.45 on Monday. The company has a quick ratio of 0.25, a current ratio of 1.02 and a debt-to-equity ratio of 370.76. The business has a 50 day moving average price of C$26.33 and a two-hundred day moving average price of C$25.68. The company has a market cap of C$541.83 million, a price-to-earnings ratio of 4.40, a P/E/G ratio of 0.30 and a beta of 2.68. AutoCanada has a twelve month low of C$20.76 and a twelve month high of C$36.50.

Insider Activity

In other news, insider EdgePoint Investment Group Inc. bought 12,700 shares of the company’s stock in a transaction dated Thursday, December 22nd. The stock was bought at an average cost of C$21.73 per share, for a total transaction of C$276,006.56. Following the transaction, the insider now owns 12,700 shares of the company’s stock, valued at C$276,006.56. Corporate insiders own 3.30% of the company’s stock.

About AutoCanada

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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.