AutoCanada Inc. (TSE:ACQ) – Equities research analysts at Clarus Securities lifted their Q3 2016 EPS estimates for shares of AutoCanada in a research note issued on Wednesday. Clarus Securities analyst S. Kammermayer now anticipates that the firm will earn $0.57 per share for the quarter, up from their previous forecast of $0.56. Clarus Securities also issued estimates for AutoCanada’s FY2016 earnings at $1.81 EPS, Q1 2017 earnings at $0.25 EPS, Q2 2017 earnings at $0.82 EPS, Q3 2017 earnings at $0.62 EPS, Q4 2017 earnings at $0.31 EPS and FY2017 earnings at $2.00 EPS.

A number of other research firms have also recently issued reports on ACQ. CIBC lifted their price objective on AutoCanada from C$22.00 to C$24.00 and gave the company a “sector perform” rating in a research report on Monday, August 8th. Scotiabank reissued a “sector perform” rating and set a C$23.00 price objective on shares of AutoCanada in a research report on Friday, August 5th. Finally, GMP Securities began coverage on AutoCanada in a research report on Tuesday, June 28th. They set a “buy” rating for the company. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. AutoCanada has an average rating of “Buy” and an average price target of C$24.17.

AutoCanada (TSE:ACQ) opened at 24.61 on Thursday. The stock has a 50 day moving average price of $22.37 and a 200-day moving average price of $21.27. The stock has a market capitalization of $673.01 million and a P/E ratio of 25.24. AutoCanada has a 12-month low of $16.06 and a 12-month high of $37.13.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 15th were given a $0.10 dividend. The ex-dividend date was Monday, August 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.63%.

About AutoCanada

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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