BMO Capital Markets analysts have set a price target of C$25.00 on AutoCanada (TSE:ACQ).

It was reported that investment analysts at BMO Capital Markets recommended a price target of CAD$25.00 for AutoCanada in a research note given to investors on Friday (TSE: ACQ-Get Rating). According to BayStreet.reporting, CA has implemented the recommendation. For this reason, the rating agency has given the company’s shares a “Market Perform” rating for the time being. The target price provided by BMO Capital Markets indicates that the stock could potentially rise by 16.50% from its last trade close.

Recently, a variety of other brokerage firms have commented or made observations about ACQ. Scotiabank lowered the target price it had set for AutoCanada in a research report published on Tuesday. The previous price target of CAD$40.00 has been changed to the new price target of CAD$37.50. In a report published July 26, Stifel Nicolaus lowered his target price on AutoCanada from CAD$50.00 to CAD$40.00 to C$35.00 (Canadian). Despite this change, they recommended that investors “outperform” the stock. Cormark’s target price for AutoCanada has increased to $50.00 from $49.50, according to a research note published on Friday, August 12. This concludes the series of announcements from the company. The stock has been accorded two ratings by financial experts, with one rating indicating that investors should hold onto it while the other two are indicating that investors should buy it. According to data compiled and presented by MarketBeat, the stock is currently rated with a consensus of “Moderate Buy” and its target price has been set at CAD$48.33.
The price of a share of AutoCanada fell $0.82, taking it to $21.46 during Friday’s trading session. A total of 21,500 shares of the company changed hands during the trading session compared to the daily average of 110,650 shares. The current ratio is 0.93, the quick ratio is 0.20 and the debt to equity ratio is 453.13. All three ratios are very close to each other. In addition, there is a very close relationship between the three ratios. The company’s price to earnings ratio is 4.27 and the company’s current value in Canadian Dollars is 570.04 million. AutoCanada has seen a yearly low of 21.19 Canadian dollars and a yearly high of 48.65 Canadian dollars. The stock price has been $27.02 moving average for the last 50 days and $27.74 for the last 200 days the same moving average.

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AutoCanada’s (TSE: ACQ-Get Rating) quarterly earnings as of August 10 are available here. The company’s earnings per share (EPS) for the quarter were CA$1.33, up $0.04 from estimates by industry analysts, who had forecast earnings of CA$1.29 per share. Additionally, revenue for the quarter was $1.69 billion, well above the $1.58 billion analysts were expecting for the quarter. As a result, AutoCanada will end the current fiscal year with earnings of 4.4400001 cents per share, according to the unanimous opinion of industry experts.

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AutoCanada Inc., through its numerous wholly owned subsidiaries, is engaged in the business of operating franchised automobile dealerships. The Company offers a wide range of auto related products and services including new and used automobiles, auto leasing, auto parts, auto servicing, body repair, extended service contracts, auto insurance and other aftermarket related products and services.

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