AutoCanada (TSE:ACQ) Upgraded at National Bank Financial

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

A number of other analysts have also recently commented on ACQ. BMO Capital Markets dropped their price target on AutoCanada from C$19.50 to C$19.00 in a research report on Thursday. ATB Capital dropped their price target on AutoCanada from C$25.00 to C$20.00 in a research note on Wednesday, August 14th. National Bankshares raised shares of AutoCanada from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$17.00 to C$21.00 in a research report on Thursday. Canaccord Genuity Group decreased their price target on shares of AutoCanada from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. Finally, Cormark decreased their target price on AutoCanada from C$25.50 to C$21.75 in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AutoCanada has an average rating of “Hold” and an average price target of C$19.50.

AutoCanada Stock Performance

TSE:ACQ opened at C$18.90 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 444.38. AutoCanada has a twelve month low of C$13.75 and a twelve month high of C$27.44. The stock has a market cap of C$438.29 million, a P/E ratio of -12.04, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. The firm’s fifty day simple moving average is C$15.47 and its 200 day simple moving average is C$17.78.

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

Insider Buying and Selling

In other news, insider EdgePoint Investment Group Inc. acquired 27,200 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was purchased at an average cost of C$15.47 per share, for a total transaction of C$420,900.96. In the last ninety days, insiders bought 119,500 shares of company stock valued at $1,779,856. Company 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.