AutoCanada (TSE:ACQ) Given New C$19.00 Price Target at BMO Capital Markets

AutoCanada (TSE:ACQ) had its price target cut by stock analysts at BMO Capital Markets from C$19.50 to C$19.00 in a report released on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 0.53% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. ATB Capital dropped their target price on shares of AutoCanada from C$25.00 to C$20.00 in a research report on Wednesday, August 14th. Cormark cut their price objective on AutoCanada from C$25.50 to C$21.75 in a research report on Wednesday, August 14th. CIBC decreased their price objective on shares of AutoCanada from C$18.00 to C$15.50 and set an “underperform” rating for the company in a report on Wednesday, August 14th. Canaccord Genuity Group lowered their price objective on AutoCanada from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. Finally, National Bankshares upgraded AutoCanada from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$17.00 to C$21.00 in a research report on Thursday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, AutoCanada presently has an average rating of “Hold” and an average target price of C$19.44.

AutoCanada Price Performance

Shares of TSE ACQ opened at C$18.90 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 444.38. The business’s 50 day moving average is C$15.56 and its 200-day moving average is C$17.74. AutoCanada has a 1-year low of C$13.75 and a 1-year high of C$27.44. The firm has a market cap of C$438.29 million, a P/E ratio of -12.04, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54.

AutoCanada (TSE:ACQ) last announced its earnings results on Tuesday, August 13th. The company reported C($0.96) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.34 by C($1.30). The company had revenue of C$1.60 billion for the quarter, compared to the consensus estimate of C$1.62 billion. AutoCanada had a negative return on equity of 6.62% and a negative net margin of 0.59%. Equities research analysts predict that AutoCanada will post 2.4311927 earnings per share for the current year.

Insider Buying and Selling at AutoCanada

In other AutoCanada news, insider EdgePoint Investment Group Inc. acquired 27,200 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was bought at an average cost of C$15.47 per share, for a total transaction of C$420,900.96. Over the last quarter, insiders acquired 119,500 shares of company stock valued at $1,779,856. 4.90% 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.