AutoCanada (ACQ) Sets New 12-Month Low at $8.36

AutoCanada Inc. (TSE:ACQ)’s share price reached a new 52-week low on Friday . The company traded as low as C$8.36 and last traded at C$11.16, with a volume of 992651 shares. The stock had previously closed at C$9.83.

ACQ has been the subject of a number of research analyst reports. Cormark increased their price objective on shares of AutoCanada from C$9.00 to C$10.75 in a research report on Wednesday, September 26th. Royal Bank of Canada decreased their price target on shares of AutoCanada from C$18.00 to C$17.00 and set an “outperform” rating for the company in a research report on Tuesday, November 6th. Canaccord Genuity cut shares of AutoCanada from a “buy” rating to a “hold” rating and decreased their price target for the company from C$27.00 to C$11.00 in a research report on Monday, August 13th. National Bank Financial cut shares of AutoCanada from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$23.50 to C$15.00 in a research report on Friday, August 10th. Finally, Clarus Securities reissued a “buy” rating on shares of AutoCanada in a research report on Friday, August 3rd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of C$17.21.

The company has a debt-to-equity ratio of 243.48, a quick ratio of 0.22 and a current ratio of 1.10.

AutoCanada (TSE:ACQ) last issued its quarterly earnings results on Thursday, August 9th. The company reported C$0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.59 by C($0.04). The business had revenue of C$880.59 million for the quarter, compared to the consensus estimate of C$963.32 million. On average, equities research analysts forecast that AutoCanada Inc. will post 1.45000007375382 earnings per share for the current fiscal year.

In other news, Director Maryann Natalie Keller acquired 3,500 shares of AutoCanada stock in a transaction dated Tuesday, August 14th. The shares were acquired at an average cost of C$8.11 per share, for a total transaction of C$28,385.00. Also, Director Dennis Stephan Desrosiers acquired 10,000 shares of AutoCanada stock in a transaction dated Friday, August 17th. The stock was purchased at an average price of C$11.23 per share, for a total transaction of C$112,300.00. Insiders acquired a total of 137,175 shares of company stock valued at $1,701,362 in the last three months.

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About AutoCanada (TSE:ACQ)

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, and New Brunswick. 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, extended service contracts, vehicle protection products, and other after-market products.

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