FY2017 EPS Estimates for AutoCanada Inc. Decreased by Cormark (ACQ)
AutoCanada Inc. (TSE:ACQ) – Stock analysts at Cormark cut their FY2017 earnings per share estimates for AutoCanada in a research report issued to clients and investors on Monday, Zacks Investment Research reports. Cormark analyst M. Macdougall now anticipates that the company will earn $1.55 per share for the year, down from their previous estimate of $1.67. Cormark also issued estimates for AutoCanada’s FY2018 earnings at $2.04 EPS.
Other equities research analysts also recently issued reports about the company. CIBC decreased their target price on AutoCanada from C$22.00 to C$20.00 in a research report on Monday, March 20th. AltaCorp Capital restated an “outperform” rating on shares of AutoCanada in a research report on Monday, March 20th. Scotiabank restated a “sector perform” rating and set a C$22.00 price objective on shares of AutoCanada in a research report on Friday, April 28th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a C$26.00 price objective on shares of AutoCanada in a research report on Wednesday, March 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. AutoCanada has a consensus rating of “Hold” and an average target price of C$21.00.
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Shares of AutoCanada (TSE:ACQ) traded up 2.49% during mid-day trading on Tuesday, reaching $20.60. The company had a trading volume of 27,690 shares. The firm has a 50 day moving average of $22.38 and a 200-day moving average of $22.94. AutoCanada has a one year low of $19.06 and a one year high of $27.90. The stock’s market capitalization is $563.70 million.
In related news, Director Barry Lee James acquired 1,895 shares of the firm’s stock in a transaction on Wednesday, March 22nd. The shares were acquired at an average cost of C$21.10 per share, for a total transaction of C$39,984.50.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, May 26th. This represents a $0.40 dividend on an annualized basis and a yield of 1.99%.
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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