AutoCanada (TSE:ACQ) Upgraded at National Bank Financial

National Bank Financial upgraded shares of AutoCanada (TSE:ACQ) from a hold rating to a strong-buy rating in a report published on Wednesday morning,Zacks.com reports.

Other research analysts have also issued reports about the stock. Cormark cut their target price on shares of AutoCanada from C$25.50 to C$21.75 in a research note on Wednesday, August 14th. Royal Bank of Canada decreased their price target on AutoCanada from C$21.00 to C$18.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 14th. BMO Capital Markets dropped their target price on shares of AutoCanada from C$19.50 to C$19.00 in a research report on Thursday. National Bankshares raised shares of AutoCanada from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$17.00 to C$21.00 in a report on Thursday. Finally, ATB Capital lowered their price target on shares of AutoCanada from C$25.00 to C$20.00 in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$19.44.

AutoCanada Stock Performance

Shares of TSE ACQ opened at C$18.90 on Wednesday. The company has a debt-to-equity ratio of 444.38, a current ratio of 1.03 and a quick ratio of 0.25. The firm has a market cap of C$438.29 million, a price-to-earnings ratio of -12.04, a P/E/G ratio of 0.30 and a beta of 2.54. AutoCanada has a one year low of C$13.75 and a one year high of C$27.44. The stock’s fifty day moving average price is C$15.56 and its two-hundred day moving average price is C$17.74.

AutoCanada (TSE:ACQ) last issued its earnings results on Tuesday, August 13th. The company reported C($0.96) EPS for the quarter, missing the consensus estimate of C$0.34 by C($1.30). AutoCanada had a negative return on equity of 6.62% and a negative net margin of 0.59%. The business had revenue of C$1.60 billion for the quarter, compared to analyst estimates of C$1.62 billion. On average, equities analysts forecast that AutoCanada will post 2.4311927 EPS for the current year.

Insider Transactions at AutoCanada

In other news, insider EdgePoint Investment Group Inc. bought 11,400 shares of the stock in a transaction on Friday, September 6th. The shares were bought at an average price of C$14.33 per share, with a total value of C$163,349.46. Over the last 90 days, insiders have bought 119,500 shares of company stock worth $1,779,856. Corporate insiders own 4.90% of the company’s stock.

AutoCanada Company Profile

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.