Cormark Comments on AutoCanada Inc.’s FY2017 Earnings (ACQ)
AutoCanada Inc. (TSE:ACQ) – Analysts at Cormark raised their FY2017 earnings per share (EPS) estimates for shares of AutoCanada in a report released on Wednesday. Cormark analyst M. Macdougall now anticipates that the company will post earnings per share of $1.55 for the year, up from their previous forecast of $1.54. Cormark also issued estimates for AutoCanada’s FY2018 earnings at $2.15 EPS.
A number of other research firms also recently commented on ACQ. Scotiabank boosted their price target on AutoCanada from C$22.00 to C$23.00 and gave the company a “sector perform” rating in a research note on Monday, August 14th. Canaccord Genuity boosted their price target on AutoCanada from C$20.50 to C$21.00 in a research note on Monday, August 14th. Finally, Royal Bank Of Canada boosted their price target on AutoCanada from C$22.00 to C$25.00 and gave the company a “sector perform” rating in a research note on Monday, August 14th.
Shares of AutoCanada (TSE ACQ) opened at 24.32 on Friday. The company has a market cap of $666.10 million and a price-to-earnings ratio of 69.29. AutoCanada has a 12-month low of $17.46 and a 12-month high of $27.90. The stock has a 50 day moving average of $21.30 and a 200 day moving average of $20.78.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Tuesday, August 29th.
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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