AutoCanada (TSE:ACQ) PT Lowered to C$47.00
AutoCanada (TSE:ACQ) had its price objective lowered by Scotiabank from C$55.00 to C$47.00 in a report released on Thursday, BayStreet.CA reports. Scotiabank’s target price indicates a potential upside of 35.76% from the company’s previous close.
Several other research firms have also recently weighed in on ACQ. ATB Capital lifted their price objective on AutoCanada from C$75.00 to C$80.00 in a report on Friday, November 12th. CIBC cut their price objective on AutoCanada from C$50.00 to C$46.00 and set a “neutral” rating on the stock in a report on Friday, November 12th. National Bank Financial lifted their target price on AutoCanada to C$64.00 and gave the company an “outperform” rating in a research report on Friday, August 13th. National Bankshares dropped their target price on AutoCanada from C$64.00 to C$60.00 in a research report on Monday, October 18th. Finally, Acumen Capital dropped their target price on AutoCanada from C$68.00 to C$61.50 in a research report on Friday, November 12th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$61.13.
Shares of ACQ opened at C$34.62 on Thursday. The company has a current ratio of 1.14, a quick ratio of 0.46 and a debt-to-equity ratio of 272.00. AutoCanada has a 1 year low of C$22.49 and a 1 year high of C$59.26. The stock has a market cap of C$931.55 million and a P/E ratio of 8.43. The stock’s 50-day moving average price is C$41.84 and its two-hundred day moving average price is C$45.49.
AutoCanada (TSE:ACQ) last released its quarterly earnings data on Tuesday, November 9th. The company reported C$1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.17 by C$0.11. The business had revenue of C$1.21 billion for the quarter, compared to the consensus estimate of C$1.28 billion. As a group, equities analysts forecast that AutoCanada will post 3.9099999 EPS for the current year.
AutoCanada Company Profile
AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, and New Brunswick, Canada; and Illinois, the United States. 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, extended service contracts, and vehicle protection and other after-market products.
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