Atb Cap Markets lowered shares of AutoCanada (TSE:ACQ – Free Report) from an outperform rating to a sector perform rating in a research report released on Friday, Zacks.com reports.
A number of other analysts also recently commented on ACQ. Acumen Capital downgraded shares of AutoCanada from a speculative buy rating to a hold rating and decreased their price objective for the stock from C$24.50 to C$21.50 in a report on Friday. ATB Capital cut AutoCanada from an outperform rating to a sector perform rating and lowered their price target for the stock from C$62.00 to C$25.00 in a report on Friday. BMO Capital Markets reduced their price objective on AutoCanada from C$23.00 to C$21.00 in a report on Monday. National Bankshares decreased their target price 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. Finally, Scotiabank dropped their target price on shares of AutoCanada from C$28.00 to C$25.50 and set an outperform rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, AutoCanada presently has a consensus rating of Hold and an average target price of C$23.00.
Read Our Latest Research Report on AutoCanada
AutoCanada Stock Up 3.5 %
AutoCanada (TSE:ACQ – Get Free Report) last released its earnings results 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. The company had revenue of C$1.48 billion during the quarter, compared to the consensus estimate of C$1.43 billion. AutoCanada had a return on equity of 10.23% and a net margin of 0.78%. On average, equities analysts anticipate that AutoCanada will post 3.0424469 earnings per share for the current fiscal year.
Insider Activity
In other AutoCanada news, insider EdgePoint Investment Group Inc. purchased 1,200 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were purchased at an average cost of C$23.95 per share, with a total value of C$28,740.00. Insiders acquired a total of 34,650 shares of company stock valued at $885,855 over the last quarter. Company insiders own 4.70% of the company’s stock.
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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