AutoCanada (TSE:ACQ) PT Raised to C$25.00

AutoCanada (TSE:ACQ) had its price target upped by CIBC from C$22.00 to C$25.00 in a report released on Friday morning, BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

A number of other research firms also recently issued reports on ACQ. Acumen Capital dropped their target price on shares of AutoCanada from C$33.00 to C$24.50 and set a speculative buy rating for the company in a research report on Friday, March 8th. National Bankshares dropped their target price on shares of AutoCanada from C$24.50 to C$22.00 and set a sector perform rating for the company in a research report on Friday, March 8th. BMO Capital Markets dropped their target price on shares of 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. Scotiabank increased their target price on shares of AutoCanada from C$26.00 to C$28.00 and gave the stock an outperform rating in a research report on Friday, March 8th. Finally, Cormark set a C$35.00 target price on shares of AutoCanada in a research report on Tuesday, March 19th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of C$27.95.

AutoCanada Trading Down 0.7 %

TSE ACQ opened at C$24.15 on Friday. AutoCanada has a 12 month low of C$15.14 and a 12 month high of C$27.54. The company has a 50-day moving average of C$23.60 and a 200-day moving average of C$22.52. The company has a debt-to-equity ratio of 396.08, a current ratio of 1.04 and a quick ratio of 0.25. The company has a market cap of C$570.18 million, a P/E ratio of 11.72, a P/E/G ratio of 0.30 and a beta of 2.60.

AutoCanada (TSE:ACQ) last posted its quarterly earnings data on Thursday, March 7th. The company reported C$0.69 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 company had revenue of C$1.48 billion during the quarter, compared to the consensus estimate of C$1.43 billion. As a group, equities analysts predict that AutoCanada will post 3.0424469 earnings per share for the current year.

Insiders Place Their Bets

In other AutoCanada news, insider EdgePoint Investment Group Inc. bought 4,700 shares of AutoCanada stock in a transaction dated Friday, April 12th. The stock was bought at an average cost of C$23.75 per share, for a total transaction of C$111,604.79. Insiders purchased a total of 29,650 shares of company stock worth $766,165 in the last 90 days. 4.70% of the stock is owned by company 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.