AutoCanada Rating Reiterated by Scotiabank (ACQ)
AutoCanada (TSE:ACQ)‘s stock had its “outperform” rating reaffirmed by research analysts at Scotiabank in a report released on Wednesday. They currently have a C$93.00 target price on the stock. Scotiabank’s price objective indicates a potential upside of 26.26% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital upgraded shares of AutoCanada from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, July 15th. They now have a C$92.00 price target on the stock, up previously from C$91.00. Finally, analysts at Canaccord Genuity raised their price target on shares of AutoCanada from C$79.00 to C$82.00 in a research note on Friday, May 23rd. They now have a “buy” rating on the stock.
Shares of AutoCanada (TSE:ACQ) traded up 1.30% on Wednesday, hitting $74.62. 65,332 shares of the company’s stock traded hands. AutoCanada has a 52-week low of $28.45 and a 52-week high of $91.72. The stock has a 50-day moving average of $77.82 and a 200-day moving average of $63.54. The company has a market cap of $1.630 billion and a price-to-earnings ratio of 39.60.
AutoCanada (TSE:ACQ) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.02. Analysts expect that AutoCanada will post $2.52 EPS for the current fiscal year.
AutoCanada Inc (TSE:ACQ) is a multi-location automobile dealership groups.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.