AutoCanada (TSE:ACQ – Free Report) had its target price cut by Scotiabank from C$28.00 to C$25.50 in a research report released on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
ACQ has been the subject of a number of other reports. Cormark set a C$35.00 price objective on AutoCanada in a research report on Tuesday, March 19th. CIBC cut AutoCanada from a neutral rating to an underperform rating and reduced their price objective for the company from C$25.00 to C$18.00 in a research report on Friday. Acumen Capital lowered AutoCanada from a speculative buy rating to a hold rating and dropped their target price for the stock from C$24.50 to C$21.50 in a research report on Friday. Royal Bank of Canada reduced their price target on AutoCanada from C$22.00 to C$21.00 and set a sector perform rating for the company in a report on Friday. Finally, Canaccord Genuity Group dropped their price objective on AutoCanada from C$20.00 to C$18.00 and set a hold rating on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, AutoCanada presently has an average rating of Hold and an average price target of C$23.00.
Check Out Our Latest Research Report on AutoCanada
AutoCanada Stock Performance
AutoCanada (TSE:ACQ – Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported C$0.69 earnings per share for the quarter, topping 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 net margin of 0.78% and a return on equity of 10.23%. On average, equities research analysts expect that AutoCanada will post 3.0424469 earnings per share for the current year.
Insider Transactions at AutoCanada
In other news, insider EdgePoint Investment Group Inc. bought 1,200 shares of the stock in a transaction that occurred on Monday, April 22nd. The shares were acquired at an average cost of C$23.95 per share, for a total transaction of C$28,740.00. Over the last three months, insiders bought 34,650 shares of company stock worth $885,855. 4.70% of the stock is 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.
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