Royal Bank Of Canada Issues Pessimistic Forecast for AutoCanada (TSE:ACQ) Stock Price

AutoCanada (TSE:ACQ) had its target price decreased by investment analysts at Royal Bank Of Canada from C$30.00 to C$29.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 16.94% from the company’s current price.

Several other equities research analysts have also commented on ACQ. CIBC dropped their price objective on shares of AutoCanada from C$33.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Monday. Canaccord Genuity Group boosted their price target on AutoCanada from C$34.00 to C$36.00 in a research report on Tuesday, November 4th. ATB Capital reduced their price objective on AutoCanada from C$30.00 to C$25.00 in a research report on Monday, November 17th. Finally, National Bankshares lowered their price objective on AutoCanada from C$31.00 to C$29.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, AutoCanada currently has a consensus rating of “Moderate Buy” and an average price target of C$32.57.

AutoCanada Trading Up 0.4%

TSE ACQ opened at C$24.80 on Tuesday. The firm has a market capitalization of C$572.86 million, a PE ratio of -62.00, a P/E/G ratio of 0.30 and a beta of 2.04. The stock’s 50 day moving average is C$22.43 and its 200 day moving average is C$26.71. AutoCanada has a twelve month low of C$14.03 and a twelve month high of C$35.48. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 451.54.

AutoCanada (TSE:ACQ) last announced its quarterly earnings data on Thursday, November 13th. The company reported C$0.66 EPS for the quarter. The business had revenue of C$1.20 billion during the quarter. AutoCanada had a negative return on equity of 9.79% and a negative net margin of 0.82%. Research analysts forecast that AutoCanada will post 2.4311927 earnings per share 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. The majority of revenue is generated in the new-vehicles sales segment.