FY2016 Earnings Estimate for AutoCanada Inc. (ACQ) Issued By Cormark
AutoCanada Inc. (TSE:ACQ) – Equities research analysts at Cormark cut their FY2016 EPS estimates for shares of AutoCanada in a research report issued to clients and investors on Wednesday. Cormark analyst M. Macdougall now expects that the brokerage will post earnings of $1.68 per share for the year, down from their previous estimate of $1.92. Cormark also issued estimates for AutoCanada’s FY2017 earnings at $2.19 EPS and FY2018 earnings at $2.64 EPS.
A number of other research analysts also recently issued reports on the stock. GMP Securities started coverage on shares of AutoCanada in a research report on Tuesday, June 28th. They issued a “buy” rating on the stock. Scotiabank reissued a “sector perform” rating and set a C$23.00 target price on shares of AutoCanada in a research report on Wednesday, September 21st. Finally, CIBC boosted their target price on shares of AutoCanada from C$22.00 to C$24.00 and gave the stock a “sector perform” rating in a research report on Monday, August 8th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of C$24.17.
Shares of AutoCanada (TSE:ACQ) opened at 24.42 on Thursday. AutoCanada has a 12 month low of $16.06 and a 12 month high of $37.13. The stock’s 50 day moving average is $22.42 and its 200 day moving average is $21.32. The company has a market capitalization of $667.81 million and a P/E ratio of 25.05.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 15th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Monday, August 29th.
AutoCanada Inc (AutoCanada) is a Canada-based multi-location automobile dealership company. The Company offers a diversified range of automotive products and services, including new vehicles, 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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