AutoCanada (ACQ) PT Raised to C$30.00 at Royal Bank of Canada

AutoCanada (TSE:ACQ) had its price target boosted by equities researchers at Royal Bank of Canada from C$27.00 to C$30.00 in a research report issued to clients and investors on Sunday. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 35.07% from the stock’s previous close.

A number of other research firms also recently weighed in on ACQ. Canaccord Genuity upgraded AutoCanada from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$25.00 to C$27.00 in a research report on Friday. CIBC dropped their target price on AutoCanada from C$29.00 to C$26.00 in a research report on Monday, March 19th.

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Shares of AutoCanada stock opened at C$22.21 on Friday. The stock has a market capitalization of $565.12, a PE ratio of 11.22 and a beta of 2.41. AutoCanada has a 12-month low of C$17.46 and a 12-month high of C$26.11.

AutoCanada (TSE:ACQ) last released its earnings results on Thursday, March 15th. The company reported C$0.33 earnings per share for the quarter. The company had revenue of C$733.06 million during the quarter, compared to the consensus estimate of C$720.78 million. AutoCanada had a return on equity of 10.35% and a net margin of 1.79%.

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About AutoCanada

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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