FY2016 Earnings Estimate for AutoCanada Inc. (ACQ) Issued By Cormark
AutoCanada Inc. (TSE:ACQ) – Analysts at Cormark lowered their FY2016 EPS estimates for AutoCanada in a note issued to investors on Wednesday. Cormark analyst M. Macdougall now anticipates that the brokerage will earn $1.68 per share for the year, down from their prior estimate of $1.92. Cormark also issued estimates for AutoCanada’s FY2017 earnings at $2.19 EPS and FY2018 earnings at $2.64 EPS.
Other equities research analysts also recently issued research reports about the company. GMP Securities assumed coverage on AutoCanada in a report on Tuesday, June 28th. They issued a “buy” rating for the company. Scotiabank reaffirmed a “sector perform” rating and set a C$23.00 price target on shares of AutoCanada in a research note on Wednesday, September 21st. Finally, CIBC lifted their price target on AutoCanada from C$22.00 to C$24.00 and gave the stock a “sector perform” rating in a research note on Monday, August 8th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$24.17.
AutoCanada (TSE:ACQ) opened at 24.42 on Thursday. The firm’s 50-day moving average is $22.42 and its 200 day moving average is $21.32. AutoCanada has a 52 week low of $16.06 and a 52 week high of $37.13. The stock has a market cap of $667.81 million and a price-to-earnings ratio of 25.05.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 15th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Monday, August 29th.
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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