AutoCanada (TSE:ACQ) Price Target Cut to C$22.00 by Analysts at National Bank Financial

AutoCanada (TSE:ACQ) had its target price decreased by National Bank Financial from C$24.00 to C$22.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.

Other research analysts have also recently issued research reports about the stock. ATB Cormark Capital Markets cut their price objective on shares of AutoCanada from C$25.00 to C$22.00 and set a “sector perform” rating for the company in a report on Thursday, March 19th. Canadian Imperial Bank of Commerce cut shares of AutoCanada from an “outperform” rating to a “hold” rating and cut their price objective for the company from C$34.00 to C$20.00 in a report on Friday, March 20th. Acumen Capital lifted their price objective on shares of AutoCanada from C$35.50 to C$39.25 and gave the company a “speculative buy” rating in a report on Tuesday, January 27th. Canaccord Genuity Group cut shares of AutoCanada from a “buy” rating to a “hold” rating and cut their price objective for the company from C$42.00 to C$22.00 in a report on Thursday, March 19th. Finally, BMO Capital Markets cut their price objective on shares of AutoCanada from C$36.00 to C$24.00 in a report on Friday, March 20th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, AutoCanada has a consensus rating of “Hold” and an average target price of C$23.89.

AutoCanada Stock Down 0.1%

ACQ opened at C$20.22 on Wednesday. AutoCanada has a fifty-two week low of C$14.00 and a fifty-two week high of C$35.48. The company has a debt-to-equity ratio of 409.72, a quick ratio of 0.25 and a current ratio of 1.07. The company has a fifty day moving average of C$23.84 and a two-hundred day moving average of C$24.71. The stock has a market capitalization of C$465.40 million, a price-to-earnings ratio of 30.64, a PEG ratio of 0.30 and a beta of 1.82.

AutoCanada (TSE:ACQ) last released its quarterly earnings data on Wednesday, March 18th. The company reported C($0.06) earnings per share for the quarter. AutoCanada had a net margin of 0.33% and a return on equity of 3.40%. The firm had revenue of C$1.12 billion during the quarter. On average, research analysts expect that AutoCanada will post 2.4311927 earnings per share for the current year.

AutoCanada Company Profile

AutoCanada Inc operates car dealerships in Canada. The company offers new and used vehicles, spare parts, maintenance services, and customer financing. AutoCanada retails brands such as Chrysler, Dodge, Jeep, Ram, Cadillac, Chevrolet, Buick, GMC, Audi, Volkswagen, BMW, Mini, Infiniti, Nissan, Hyundai, Kia, Fiat, Mitsubishi, and Subaru. The majority of revenue is generated in the new-vehicles sales segment.