AutoCanada (TSE:ACQ – Free Report) had its price target trimmed by Royal Bank of Canada from C$22.00 to C$21.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.
Other research analysts have also issued reports about the stock. Cormark set a C$35.00 price target on shares of AutoCanada in a research report on Tuesday, March 19th. ATB Capital lowered 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 report on Friday. Scotiabank boosted their price objective on AutoCanada from C$26.00 to C$28.00 and gave the company an outperform rating in a research note on Friday, March 8th. BMO Capital Markets cut 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 note on Friday, March 8th. Finally, National Bankshares decreased their price target on AutoCanada from C$24.00 to C$22.00 and set a sector perform rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, AutoCanada presently has a consensus rating of Hold and a consensus target price of C$23.50.
View Our Latest Stock Analysis on AutoCanada
AutoCanada Stock Performance
AutoCanada (TSE:ACQ – Get Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported C$0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of C$1.48 billion during the quarter, compared to analysts’ expectations of C$1.43 billion. Analysts forecast that AutoCanada will post 3.0424469 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, insider EdgePoint Investment Group Inc. bought 1,200 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was acquired at an average price of C$23.95 per share, with a total value of C$28,740.00. Insiders purchased a total of 34,650 shares of company stock valued at $885,855 in the last quarter. Corporate insiders own 4.70% of the company’s stock.
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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