AutoCanada (TSE:ACQ) Price Target Cut to C$20.00

AutoCanada (TSE:ACQ) had its price target cut by ATB Capital from C$25.00 to C$20.00 in a research note released on Wednesday morning, BayStreet.CA reports.

A number of other analysts have also issued reports on ACQ. Royal Bank of Canada cut their price target on shares of AutoCanada from C$22.00 to C$21.00 and set a sector perform rating on the stock in a research note on Friday, May 3rd. Acumen Capital lowered shares of AutoCanada from a speculative buy rating to a hold rating and cut their target price for the stock from C$24.50 to C$21.50 in a research note on Friday, May 3rd. CIBC lowered shares of AutoCanada from a neutral rating to an underperform rating and cut their target price for the stock from C$25.00 to C$18.00 in a research note on Friday, May 3rd. Atb Cap Markets lowered shares of AutoCanada from an outperform rating to a sector perform rating in a research note on Friday, May 3rd. Finally, National Bankshares cut their target price on shares of 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, AutoCanada currently has an average rating of Hold and a consensus price target of C$19.11.

AutoCanada Stock Up 1.5 %

Shares of TSE:ACQ opened at C$14.65 on Wednesday. The company has a debt-to-equity ratio of 408.35, a current ratio of 1.05 and a quick ratio of 0.25. The firm has a market capitalization of C$343.84 million, a PE ratio of 8.93, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. The firm’s 50-day moving average is C$18.97 and its two-hundred day moving average is C$21.36. AutoCanada has a 1 year low of C$14.20 and a 1 year high of C$27.54.

Insider Buying and Selling at AutoCanada

In other news, Director Christopher Harris acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was acquired at an average cost of C$14.48 per share, with a total value of C$72,400.00. Insiders have purchased 8,000 shares of company stock worth $131,300 over the last three months. Insiders own 4.79% of the company’s stock.

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.