AutoCanada Inc. (TSE:ACQ) Receives Consensus Rating of “Hold” from Brokerages

AutoCanada Inc. (TSE:ACQ) has earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is C$19.11.

Several research firms recently issued reports on ACQ. National Bankshares dropped their target price on shares of AutoCanada from C$20.00 to C$17.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th. BMO Capital Markets cut their price target on AutoCanada from C$21.00 to C$19.50 and set a “market perform” rating on the stock in a research note on Wednesday, August 14th. CIBC lowered their target price on shares of AutoCanada from C$18.00 to C$15.50 and set an “underperform” rating on the stock in a research report on Wednesday, August 14th. ATB Capital reduced their target price on shares of AutoCanada from C$25.00 to C$20.00 in a report on Wednesday, August 14th. Finally, Canaccord Genuity Group dropped their price target on AutoCanada from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th.

Insiders Place Their Bets

In other news, insider EdgePoint Investment Group Inc. purchased 27,200 shares of the stock in a transaction dated Friday, September 20th. The stock was acquired at an average price of C$15.47 per share, for a total transaction of C$420,900.96. In other news, Director Christopher Harris bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average price of C$14.48 per share, with a total value of C$72,400.00. Also, insider EdgePoint Investment Group Inc. acquired 27,200 shares of AutoCanada stock in a transaction dated Friday, September 20th. The shares were acquired at an average price of C$15.47 per share, with a total value of C$420,900.96. Insiders have bought a total of 124,500 shares of company stock valued at $1,852,256 in the last quarter. Insiders own 4.90% of the company’s stock.

AutoCanada Price Performance

The company has a debt-to-equity ratio of 444.38, a quick ratio of 0.25 and a current ratio of 1.03. The stock has a fifty day simple moving average of C$16.11 and a two-hundred day simple moving average of C$19.84. The stock has a market capitalization of C$373.82 million, a price-to-earnings ratio of -10.29, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. AutoCanada has a 52 week low of C$13.75 and a 52 week high of C$27.54.

AutoCanada (TSE:ACQ) last posted its quarterly earnings results on Tuesday, August 13th. The company reported C($0.96) earnings per share for the quarter, missing the consensus estimate of C$0.34 by C($1.30). AutoCanada had a negative net margin of 0.59% and a negative return on equity of 6.62%. The firm had revenue of C$1.60 billion for the quarter, compared to analysts’ expectations of C$1.62 billion. Research analysts expect that AutoCanada will post 2.5376506 EPS for the current year.

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.