AutoCanada Inc. (TSE:ACQ) – Research analysts at Clarus Securities increased their Q3 2016 earnings per share estimates for shares of AutoCanada in a research report issued to clients and investors on Wednesday. Clarus Securities analyst S. Kammermayer now expects that the brokerage will post earnings of $0.57 per share for the quarter, up from their previous forecast of $0.56. Clarus Securities also issued estimates for AutoCanada’s FY2016 earnings at $1.81 EPS, Q1 2017 earnings at $0.25 EPS, Q2 2017 earnings at $0.82 EPS, Q3 2017 earnings at $0.62 EPS, Q4 2017 earnings at $0.31 EPS and FY2017 earnings at $2.00 EPS.
A number of other equities analysts have also recently weighed in on the stock. Scotiabank reaffirmed a “sector perform” rating and set a C$23.00 price target on shares of AutoCanada in a research note on Wednesday, September 21st. CIBC upped their price target on shares of AutoCanada from C$22.00 to C$24.00 and gave the stock a “sector perform” rating in a research note on Monday, August 8th. Finally, GMP Securities assumed coverage on shares of AutoCanada in a research note on Tuesday, June 28th. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of C$24.17.
Shares of AutoCanada (TSE:ACQ) opened at 24.42 on Thursday. The firm has a market capitalization of $667.81 million and a PE ratio of 25.05. The firm’s 50 day moving average is $22.42 and its 200-day moving average is $21.32. AutoCanada has a 12 month low of $16.06 and a 12 month high of $37.13.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 15th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 29th. This represents a $0.40 annualized dividend and a dividend yield of 1.64%.
AutoCanada Inc (AutoCanada) is a Canada-based multi-location automobile dealership company. The Company offers a diversified range of automotive products and services, including new vehicles, used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, extended service contracts, vehicle protection products and other after-market products.
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