Royal Bank Of Canada Cuts AutoCanada (TSE:ACQ) Price Target to C$29.00

AutoCanada (TSE:ACQ) had its price objective trimmed by Royal Bank Of Canada from C$30.00 to C$29.00 in a research report released on Tuesday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other research analysts also recently weighed in on ACQ. ATB Capital reduced their target price on shares of AutoCanada from C$30.00 to C$25.00 in a research report on Monday, November 17th. National Bankshares dropped their price objective on AutoCanada from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. Canaccord Genuity Group boosted their target price on AutoCanada from C$34.00 to C$36.00 in a research note on Tuesday, November 4th. Finally, CIBC cut their price target on AutoCanada from C$33.00 to C$30.00 and set an “outperform” rating for the company in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, AutoCanada presently has an average rating of “Moderate Buy” and an average target price of C$32.57.

AutoCanada Trading Up 1.7%

Shares of AutoCanada stock opened at C$25.21 on Tuesday. AutoCanada has a 1 year low of C$14.03 and a 1 year high of C$35.48. The firm has a market cap of C$582.33 million, a PE ratio of -63.03, a P/E/G ratio of 0.30 and a beta of 2.04. The stock has a fifty day moving average price of C$22.44 and a 200-day moving average price of C$26.70. The company has a debt-to-equity ratio of 451.54, a current ratio of 1.03 and a quick ratio of 0.25.

AutoCanada (TSE:ACQ) last posted its quarterly earnings results on Thursday, November 13th. The company reported C$0.66 earnings per share for the quarter. AutoCanada had a negative net margin of 0.82% and a negative return on equity of 9.79%. The company had revenue of C$1.20 billion during the quarter. Equities research analysts anticipate that AutoCanada will post 2.4311927 EPS 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.