AutoCanada (TSE:ACQ – Free Report) had its target price lowered by National Bankshares from C$24.00 to C$22.00 in a research report sent to investors on Friday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.
ACQ has been the subject of several other research reports. CIBC lowered shares of AutoCanada from a neutral rating to an underperform rating and dropped their price target for the stock from C$25.00 to C$18.00 in a research report on Friday. Scotiabank increased their price target on AutoCanada from C$26.00 to C$28.00 and gave the stock an outperform rating in a research report on Friday, March 8th. Canaccord Genuity Group cut their price objective on AutoCanada from C$20.00 to C$18.00 and set a hold rating for the company in a report on Friday. Acumen Capital lowered AutoCanada from a speculative buy rating to a hold rating and reduced their target price for the company from C$24.50 to C$21.50 in a report on Friday. Finally, ATB Capital downgraded AutoCanada from an outperform rating to a sector perform rating and cut their price target for the stock from C$62.00 to C$25.00 in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of C$23.50.
Check Out Our Latest Analysis on ACQ
AutoCanada Stock Down 1.2 %
AutoCanada (TSE:ACQ – Get Free Report) last issued its earnings results on Thursday, March 7th. The company reported C$0.69 earnings per share for the quarter, beating the consensus estimate of C$0.56 by C$0.13. AutoCanada had a net margin of 0.78% and a return on equity of 10.23%. The business had revenue of C$1.48 billion for the quarter, compared to the consensus estimate of C$1.43 billion. Equities research analysts forecast that AutoCanada will post 3.0424469 earnings per share for the current year.
Insider Buying and Selling at AutoCanada
In other AutoCanada news, insider EdgePoint Investment Group Inc. purchased 3,750 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were bought at an average price of C$23.92 per share, for a total transaction of C$89,694.38. In the last quarter, insiders have acquired 34,650 shares of company stock valued at $885,855. 4.70% of the stock is currently owned by corporate insiders.
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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