AutoCanada (TSE:ACQ – Get Free Report) had its target price cut by analysts at National Bankshares from C$24.00 to C$22.00 in a report issued on Friday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price objective points to a potential upside of 8.21% from the stock’s current price.
Several other research analysts have also commented on ACQ. Cormark set a C$35.00 price objective on shares of AutoCanada in a report on Tuesday, March 19th. ATB Capital downgraded shares of AutoCanada from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$62.00 to C$25.00 in a research note on Friday. Scotiabank raised their price objective on shares of AutoCanada from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a report on Friday, March 8th. Canaccord Genuity Group reduced their target price on AutoCanada from C$20.00 to C$18.00 and set a “hold” rating on the stock in a report on Friday. Finally, BMO Capital Markets decreased their target price on AutoCanada from C$24.00 to C$23.00 and set a “market perform” rating for the company in a research report on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$22.95.
Read Our Latest Stock Analysis on ACQ
AutoCanada Stock Down 1.2 %
AutoCanada (TSE:ACQ – Get Free Report) last posted its earnings results on Thursday, March 7th. The company reported C$0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.56 by C$0.13. The firm had revenue of C$1.48 billion for the quarter, compared to analysts’ expectations of C$1.43 billion. AutoCanada had a return on equity of 10.23% and a net margin of 0.78%. Sell-side analysts anticipate that AutoCanada will post 3.0424469 EPS for the current year.
Insider Buying and Selling
In other news, insider EdgePoint Investment Group Inc. acquired 21,200 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were bought at an average cost of C$26.64 per share, with a total value of C$564,865.52. Insiders have purchased 34,650 shares of company stock worth $885,855 in the last 90 days. Insiders own 4.70% of the company’s stock.
About AutoCanada
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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