FY2017 EPS Estimates for AutoCanada Inc. Reduced by Analyst (ACQ)

AutoCanada Inc. (TSE:ACQ) – Equities researchers at Clarus Securities decreased their FY2017 earnings per share estimates for shares of AutoCanada in a research note issued to investors on Wednesday, Zacks Investment Research reports. Clarus Securities analyst S. Kammermayer now expects that the company will post earnings of $1.77 per share for the year, down from their previous estimate of $1.78. Clarus Securities also issued estimates for AutoCanada’s Q1 2018 earnings at $0.25 EPS and FY2018 earnings at $2.07 EPS.

A number of other analysts also recently issued reports on the company. Scotiabank reissued a “sector perform” rating and issued a C$22.00 target price on shares of AutoCanada in a research report on Thursday, April 13th. AltaCorp Capital reissued an “outperform” rating on shares of AutoCanada in a research report on Monday, March 20th. Royal Bank of Canada decreased their target price on AutoCanada from C$26.00 to C$23.00 and set a “sector perform” rating for the company in a research report on Tuesday, March 21st. Finally, CIBC decreased their target price on AutoCanada from C$22.00 to C$20.00 in a research report on Monday, March 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$21.25.

Earnings History and Estimates for AutoCanada (TSE:ACQ)

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AutoCanada (TSE:ACQ) opened at 23.43 on Thursday. AutoCanada has a one year low of $18.55 and a one year high of $27.90. The firm has a market cap of $640.95 million and a PE ratio of 260.33. The firm has a 50-day moving average price of $22.73 and a 200-day moving average price of $23.25.

In related news, Director Barry Lee James purchased 1,895 shares of the business’s stock in a transaction dated Wednesday, March 22nd. The stock was purchased at an average cost of C$21.10 per share, with a total value of C$39,984.50.

AutoCanada Company Profile

AutoCanada Inc (AutoCanada) is a Canada-based multi-location automobile dealership company. The Company offers a diversified range of automotive products and services, including new vehicles, 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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