AutoCanada Inc. (TSE:ACQ) Receives Average Recommendation of “Buy” from Analysts

Share on StockTwits

AutoCanada Inc. (TSE:ACQ) has been given a consensus recommendation of “Buy” by the seven research firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$12.80.

Several equities analysts have commented on the company. AltaCorp Capital upgraded AutoCanada from a “sector perform” rating to an “outperform” rating in a report on Sunday, August 11th. Clarus Securities reiterated a “buy” rating on shares of AutoCanada in a report on Friday, August 9th.

ACQ traded up C$0.29 during midday trading on Friday, hitting C$8.21. 72,101 shares of the company’s stock traded hands, compared to its average volume of 106,512. The company has a market cap of $220.71 million and a PE ratio of -4.29. The stock’s fifty day simple moving average is C$8.22 and its 200-day simple moving average is C$10.12. The company has a debt-to-equity ratio of 352.13, a current ratio of 1.09 and a quick ratio of 0.19. AutoCanada has a one year low of C$7.33 and a one year high of C$13.34.

AutoCanada (TSE:ACQ) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.34 earnings per share for the quarter, beating the consensus estimate of C$0.28 by C$0.06. The business had revenue of C$945.77 million for the quarter, compared to the consensus estimate of C$914.78 million. On average, research analysts expect that AutoCanada will post 1.36 EPS for the current year.

In related news, Director Dennis Stephan Desrosiers purchased 10,000 shares of the stock in a transaction on Tuesday, August 13th. The shares were bought at an average price of C$9.72 per share, for a total transaction of C$97,239.00. Following the completion of the acquisition, the director now directly owns 24,500 shares in the company, valued at approximately C$238,235.55.

About AutoCanada

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, and New Brunswick. 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, vehicle protection products, and other after-market products.

Further Reading: How Do You Calculate Return on Equity (ROE)?

Analyst Recommendations for AutoCanada (TSE:ACQ)

Receive News & Ratings for AutoCanada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoCanada and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.