National Bankshares Lowers AutoCanada (TSE:ACQ) Price Target to C$17.00

AutoCanada (TSE:ACQ) had its price target trimmed by National Bankshares from C$20.00 to C$17.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other analysts also recently weighed in on the stock. ATB Capital cut their price target on shares of AutoCanada from C$25.00 to C$20.00 in a report on Wednesday. Canaccord Genuity Group cut their price target on shares of AutoCanada from C$20.00 to C$18.00 and set a hold rating for the company in a report on Friday, May 3rd. Cormark dropped their price objective on shares of AutoCanada from C$25.50 to C$21.75 in a research note on Wednesday. Scotiabank dropped their price objective on shares of AutoCanada from C$28.00 to C$25.50 and set an outperform rating for the company in a research note on Monday, May 6th. Finally, Atb Cap Markets downgraded shares of AutoCanada from an outperform rating to a sector perform rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of C$19.11.

AutoCanada Stock Performance

Shares of AutoCanada stock opened at C$14.65 on Wednesday. The company has a 50 day moving average of C$18.97 and a 200-day moving average of C$21.36. AutoCanada has a 1-year low of C$14.20 and a 1-year high of C$27.54. The company has a current ratio of 1.05, a quick ratio of 0.25 and a debt-to-equity ratio of 408.35. The company has a market cap of C$343.84 million, a PE ratio of 8.93, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54.

Insider Activity

In other AutoCanada news, Director Christopher Harris purchased 5,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was purchased at an average price of C$14.48 per share, with a total value of C$72,400.00. Over the last 90 days, insiders acquired 8,000 shares of company stock valued at $131,300. Insiders own 4.79% of the company’s stock.

About AutoCanada

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.