National Bankshares Cuts AutoCanada (TSE:ACQ) Price Target to C$29.00

AutoCanada (TSE:ACQ) had its price objective lowered by National Bankshares from C$31.00 to C$29.00 in a research note issued to investors on Monday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

ACQ has been the subject of a number of other reports. Canaccord Genuity Group boosted their price objective on shares of AutoCanada from C$34.00 to C$36.00 in a research note on Tuesday, November 4th. ATB Capital cut their target price on shares of AutoCanada from C$30.00 to C$25.00 in a research report on Monday, November 17th. Cibc World Mkts upgraded shares of AutoCanada from a “hold” rating to a “strong-buy” rating in a report on Monday, August 25th. Finally, CIBC dropped their price objective on AutoCanada from C$38.00 to C$33.00 in a research note on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$32.14.

AutoCanada Stock Performance

Shares of ACQ stock opened at C$22.17 on Monday. AutoCanada has a 1-year low of C$14.03 and a 1-year high of C$35.48. The company has a market capitalization of C$512.10 million, a price-to-earnings ratio of -55.43, a P/E/G ratio of 0.30 and a beta of 2.09. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 451.54. The stock’s fifty day simple moving average is C$23.55 and its 200-day simple moving average is C$26.54.

AutoCanada (TSE:ACQ) last posted its quarterly earnings results on Thursday, November 13th. The company reported C$0.66 earnings per share for the quarter. The business had revenue of C$1.20 billion for the quarter. AutoCanada had a negative net margin of 0.82% and a negative return on equity of 9.79%. On average, sell-side analysts predict that AutoCanada will post 2.4311927 earnings per share 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.