National Bank Financial Cuts AutoCanada (TSE:ACQ) Price Target to C$21.00

AutoCanada (TSE:ACQ) had its price target decreased by National Bank Financial from C$22.00 to C$21.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price target indicates a potential downside of 8.81% from the company’s current price.

Several other equities research analysts also recently weighed in on the company. Royal Bank Of Canada increased their price objective on AutoCanada from C$18.00 to C$23.00 and gave the company a “sector perform” rating in a report on Tuesday, May 26th. BMO Capital Markets cut their price target on shares of AutoCanada from C$36.00 to C$24.00 in a report on Friday, March 20th. Canadian Imperial Bank of Commerce lowered shares of AutoCanada from an “outperform” rating to a “hold” rating and decreased their target price for the stock from C$34.00 to C$20.00 in a research report on Friday, March 20th. ATB Cormark Capital Markets lowered their price target on AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 19th. Finally, Acumen Capital boosted their price objective on shares of AutoCanada from C$25.00 to C$27.00 and gave the stock a “speculative buy” rating in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$22.57.

AutoCanada Trading Up 0.5%

TSE:ACQ traded up C$0.11 on Monday, reaching C$23.03. 4,169 shares of the company’s stock were exchanged, compared to its average volume of 55,549. The business has a fifty day moving average of C$22.15 and a 200-day moving average of C$23.29. The company has a quick ratio of 0.25, a current ratio of 1.07 and a debt-to-equity ratio of 448.50. AutoCanada has a 52-week low of C$14.00 and a 52-week high of C$35.48. The firm has a market capitalization of C$530.40 million, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 0.30 and a beta of 1.70.

AutoCanada (TSE:ACQ) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C$0.21 earnings per share for the quarter. AutoCanada had a return on equity of 5.29% and a net margin of 0.51%.The company had revenue of C$1.19 billion for the quarter. As a group, analysts expect that AutoCanada will post 2.4311927 earnings per share for the current year.

AutoCanada Company Profile

AutoCanada’s Canadian Dealership Operations include 64 franchised dealerships representing 23 automotive brands across eight provinces, as well as three independent used dealerships. The Company currently sells Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru, and Volkswagen vehicles. In 2024, AutoCanada’s Canadian dealerships sold approximately 85,000 new and used retail vehicles.