National Bankshares Issues Pessimistic Forecast for AutoCanada (TSE:ACQ) Stock Price

AutoCanada (TSE:ACQ) had its price target reduced by research analysts at National Bankshares from C$31.00 to C$29.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price suggests a potential upside of 32.24% from the stock’s previous close.

A number of other analysts have also recently commented on the company. Canaccord Genuity Group upped their price target on AutoCanada from C$34.00 to C$36.00 in a research note on Tuesday, November 4th. CIBC decreased their price objective on shares of AutoCanada from C$38.00 to C$33.00 in a 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, ATB Capital lowered their price objective on shares of AutoCanada from C$30.00 to C$25.00 in a research report on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$32.14.

AutoCanada Price Performance

TSE:ACQ opened at C$21.93 on Monday. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 451.54. The firm has a market cap of C$506.56 million, a PE ratio of -54.83, a price-to-earnings-growth ratio of 0.30 and a beta of 2.09. AutoCanada has a 12 month low of C$14.03 and a 12 month high of C$35.48. The company’s 50-day moving average price is C$23.71 and its two-hundred day moving average price is C$26.57.

AutoCanada (TSE:ACQ) last released its quarterly earnings results on Thursday, November 13th. The company reported C$0.66 earnings per share for the quarter. AutoCanada had a negative return on equity of 9.79% and a negative net margin of 0.82%.The firm had revenue of C$1.20 billion during the quarter. On average, equities analysts anticipate that AutoCanada will post 2.4311927 EPS for the current fiscal year.

AutoCanada Company Profile

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.