AutoCanada Inc. (TSE:ACQ) has earned a consensus rating of “Hold” from the eight research firms that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$18.75.
A number of research analysts have weighed in on the stock. Royal Bank of Canada dropped their target price on shares of AutoCanada from C$28.00 to C$25.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 7th. Canaccord Genuity cut shares of AutoCanada from a “buy” rating to a “hold” rating and dropped their target price for the company from C$27.00 to C$11.00 in a research note on Monday, August 13th. Scotiabank reiterated a “sector perform” rating and issued a C$22.50 target price on shares of AutoCanada in a research note on Tuesday, June 12th. National Bank Financial cut shares of AutoCanada from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from C$23.50 to C$15.00 in a research note on Friday, August 10th. Finally, Clarus Securities reiterated a “buy” rating on shares of AutoCanada in a research note on Friday, August 3rd.
ACQ stock traded down C$0.11 during trading on Friday, reaching C$12.61. The stock had a trading volume of 74,594 shares, compared to its average volume of 196,704. AutoCanada has a one year low of C$9.61 and a one year high of C$26.11.
AutoCanada (TSE:ACQ) last issued its quarterly earnings data on Thursday, August 9th. The company reported C$0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.59 by C($0.04). AutoCanada had a return on equity of 10.35% and a net margin of 1.79%. The firm had revenue of C$880.59 million during the quarter, compared to the consensus estimate of C$963.32 million.
The business also recently announced a quarterly dividend, which was paid on Saturday, September 15th. Shareholders of record on Friday, August 31st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend was Thursday, August 30th.
In other AutoCanada news, insider Michael Rawluk purchased 20,675 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The shares were bought at an average cost of C$12.07 per share, for a total transaction of C$249,547.25. Also, Director Paul Antony purchased 100,000 shares of the company’s stock in a transaction that occurred on Thursday, August 30th. The shares were acquired at an average price of C$12.85 per share, for a total transaction of C$1,285,000.00. Over the last quarter, insiders acquired 137,175 shares of company stock worth $1,701,362.
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. 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.
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