AutoCanada (TSE:ACQ) Price Target Lowered to C$15.00 at CIBC

AutoCanada (TSE:ACQ) had its price objective lowered by CIBC from C$15.50 to C$15.00 in a research report report published on Friday morning,BayStreet.CA reports.

Several other research analysts have also issued reports on ACQ. Canaccord Genuity Group dropped their target price on AutoCanada from C$18.00 to C$15.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. Cormark dropped their price objective on AutoCanada from C$25.50 to C$21.75 in a report on Wednesday, August 14th. BMO Capital Markets reduced their target price on AutoCanada from C$19.50 to C$19.00 in a research note on Thursday. National Bankshares upgraded AutoCanada from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$17.00 to C$21.00 in a research report on Thursday. Finally, ATB Capital cut their price target on shares of AutoCanada from C$25.00 to C$20.00 in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$19.44.

AutoCanada Price Performance

ACQ stock opened at C$18.90 on Friday. The stock has a market cap of C$438.29 million, a PE ratio of -12.04, a P/E/G ratio of 0.30 and a beta of 2.54. AutoCanada has a 12 month low of C$13.75 and a 12 month high of C$27.44. The company has a 50-day moving average price of C$15.56 and a 200 day moving average price of C$17.65. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 444.38.

Insider Buying and Selling at AutoCanada

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

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.