Royal Bank Of Canada Lowers AutoCanada (TSE:ACQ) Price Target to C$29.00

AutoCanada (TSE:ACQ) had its target price lowered by equities researchers at Royal Bank Of Canada from C$30.00 to C$29.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 16.98% from the stock’s previous close.

ACQ has been the topic of a number of other reports. CIBC cut their target price on shares of AutoCanada from C$33.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Monday. National Bankshares dropped their price objective on shares of AutoCanada from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. ATB Capital decreased their price objective on shares of AutoCanada from C$30.00 to C$25.00 in a research report on Monday, November 17th. Finally, Canaccord Genuity Group boosted their target price on shares of AutoCanada from C$34.00 to C$36.00 in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$32.57.

AutoCanada Stock Up 1.9%

Shares of TSE:ACQ traded up C$0.47 during trading on Tuesday, hitting C$24.79. The company’s stock had a trading volume of 16,616 shares, compared to its average volume of 28,313. AutoCanada has a fifty-two week low of C$14.03 and a fifty-two week high of C$35.48. The business has a 50 day moving average price of C$22.48 and a two-hundred day moving average price of C$26.70. The company has a debt-to-equity ratio of 451.54, a quick ratio of 0.25 and a current ratio of 1.03. The company has a market capitalization of C$572.62 million, a PE ratio of -61.98, a P/E/G ratio of 0.30 and a beta of 2.04.

AutoCanada (TSE:ACQ) last released its earnings results on Thursday, November 13th. The company reported C$0.66 earnings per share (EPS) for the quarter. The firm had revenue of C$1.20 billion during the quarter. AutoCanada had a negative return on equity of 9.79% and a negative net margin of 0.82%. As a group, research analysts expect that AutoCanada will post 2.4311927 EPS for the current fiscal year.

About AutoCanada

AutoCanada Inc operates car dealerships in Canada. The company offers new and used vehicles, spare parts, maintenance services, and customer financing. AutoCanada retails brands such as Chrysler, Dodge, Jeep, Ram, Cadillac, Chevrolet, Buick, GMC, Audi, Volkswagen, BMW, Mini, Infiniti, Nissan, Hyundai, Kia, Fiat, Mitsubishi, and Subaru. The majority of revenue is generated in the new-vehicles sales segment.