Brokerages Set AutoCanada Inc. (TSE:ACQ) Price Target at C$19.11

Shares of AutoCanada Inc. (TSE:ACQ) have earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$19.11.

A number of research firms have weighed in on ACQ. BMO Capital Markets lowered their price objective on AutoCanada from C$21.00 to C$19.50 and set a “market perform” rating on the stock in a research note on Wednesday, August 14th. Royal Bank of Canada lowered their price objective on AutoCanada from C$21.00 to C$18.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. Acumen Capital lowered their price objective on AutoCanada from C$21.50 to C$19.75 in a research note on Thursday, August 15th. Cormark lowered their price objective on AutoCanada from C$25.50 to C$21.75 in a research note on Wednesday, August 14th. Finally, ATB Capital lowered their price objective on AutoCanada from C$25.00 to C$20.00 in a research note on Wednesday, August 14th.

Insiders Place Their Bets

In other AutoCanada news, Director Christopher Harris acquired 5,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were acquired at an average price of C$14.48 per share, for a total transaction of C$72,400.00. In other AutoCanada news, insider EdgePoint Investment Group Inc. acquired 18,200 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were acquired at an average price of C$14.88 per share, for a total transaction of C$270,901.54. Also, Director Christopher Harris bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average cost of C$14.48 per share, with a total value of C$72,400.00. Insiders have purchased a total of 124,500 shares of company stock worth $1,852,256 in the last quarter. 4.90% of the stock is owned by company insiders.

AutoCanada Stock Up 2.0 %

Shares of ACQ opened at C$15.12 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 444.38. AutoCanada has a 12 month low of C$13.75 and a 12 month high of C$27.54. The stock’s 50 day moving average is C$15.34 and its two-hundred day moving average is C$18.46. The firm has a market cap of C$350.63 million, a P/E ratio of -9.66, a PEG ratio of 0.30 and a beta of 2.54.

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

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.