Scotiabank Reaffirms Outperform Rating for AutoCanada (ACQ)
AutoCanada (TSE:ACQ)‘s stock had its “outperform” rating reissued by equities research analysts at Scotiabank in a research note issued to investors on Wednesday. They currently have a C$93.00 price target on the stock. Scotiabank’s target price would indicate a potential upside of 29.82% from the stock’s previous close.
ACQ has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity cut their price target on shares of AutoCanada from C$91.00 to C$88.00 in a research note on Monday, August 11th. They now have a “buy” rating on the stock. Separately, 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 RBC Capital raised their price target on shares of AutoCanada from C$74.00 to C$91.00 in a research note on Friday, June 6th. They now have a “sector perform” rating on the stock.
AutoCanada (TSE:ACQ) traded down 0.53% on Wednesday, hitting $71.26. 141,816 shares of the company’s stock traded hands. AutoCanada has a 52 week low of $32.61 and a 52 week high of $91.72. The stock’s 50-day moving average is $74.11 and its 200-day moving average is $65.47. The company has a market cap of $1.555 billion and a price-to-earnings ratio of 38.52.
AutoCanada (TSE:ACQ) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by $0.03. Analysts expect that AutoCanada will post $2.44 EPS for the current fiscal year.
AutoCanada Inc (TSE:ACQ) is a multi-location automobile dealership groups.
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