Shares of AutoCanada Inc. (TSE:ACQ – Get Free Report) have been assigned a consensus recommendation of “Hold” from the nine analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$23.00.
Several equities analysts recently issued reports on the stock. Acumen Capital cut shares of AutoCanada from a “speculative buy” rating to a “hold” rating and reduced their price target for the company from C$24.50 to C$21.50 in a research report on Friday, May 3rd. CIBC lowered AutoCanada from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from C$25.00 to C$18.00 in a research report on Friday, May 3rd. Atb Cap Markets cut AutoCanada from an “outperform” rating to a “sector perform” rating in a research note on Friday, May 3rd. National Bankshares reduced their price target on AutoCanada from C$24.00 to C$22.00 and set a “sector perform” rating on the stock in a research note on Friday, May 3rd. Finally, Scotiabank decreased their price objective on AutoCanada from C$28.00 to C$25.50 and set an “outperform” rating for the company in a report on Monday, May 6th.
View Our Latest Stock Report on ACQ
AutoCanada Price Performance
AutoCanada (TSE:ACQ – Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported C$0.21 earnings per share for the quarter, missing the consensus estimate of C$0.40 by C($0.19). The company had revenue of C$1.42 billion during the quarter, compared to the consensus estimate of C$1.49 billion. AutoCanada had a net margin of 0.64% and a return on equity of 8.15%. On average, equities research analysts anticipate that AutoCanada will post 1.7074165 earnings per share for the current year.
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.
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