AutoCanada (TSE:ACQ) Upgraded at National Bank Financial

AutoCanada (TSE:ACQ) was upgraded by stock analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other equities analysts also recently issued reports about the company. Royal Bank of Canada reduced their target price on AutoCanada from C$21.00 to C$18.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 14th. Cormark dropped their price objective on AutoCanada from C$25.50 to C$21.75 in a research note on Wednesday, August 14th. National Bankshares raised AutoCanada from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$17.00 to C$21.00 in a research report on Thursday. Canaccord Genuity Group reduced their price target on AutoCanada from C$18.00 to C$15.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. Finally, BMO Capital Markets decreased their target price on AutoCanada from C$19.50 to C$19.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$19.50.

AutoCanada Stock Down 1.4 %

Shares of AutoCanada stock traded down C$0.26 on Wednesday, reaching C$18.64. 22,178 shares of the company were exchanged, compared to its average volume of 47,777. The stock’s 50 day moving average price is C$15.47 and its 200-day moving average price is C$17.78. The company has a market cap of C$432.26 million, a P/E ratio of -12.04, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. AutoCanada has a 1-year low of C$13.75 and a 1-year high of C$27.44. The company has a debt-to-equity ratio of 444.38, a current ratio of 1.03 and a quick ratio of 0.25.

AutoCanada (TSE:ACQ) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C($0.96) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.34 by C($1.30). The business had revenue of C$1.60 billion for the quarter, compared to analyst estimates of C$1.62 billion. AutoCanada had a negative return on equity of 6.62% and a negative net margin of 0.59%. As a group, equities analysts forecast that AutoCanada will post 2.4311927 EPS for the current year.

Insider Transactions at AutoCanada

In other news, insider EdgePoint Investment Group Inc. acquired 7,600 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was purchased at an average price of C$14.33 per share, for a total transaction of C$108,939.16. Over the last ninety days, insiders purchased 119,500 shares of company stock worth $1,779,856. Corporate insiders own 4.90% of the company’s stock.

AutoCanada Company Profile

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships and related business. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, and extended service contracts; and vehicle protection, after-market products, and auction services.