Clarus Securities Weighs in on AutoCanada Inc.’s Q3 2016 Earnings (ACQ)

AutoCanada Inc. (TSE:ACQ) – Analysts at Clarus Securities boosted their Q3 2016 earnings per share estimates for shares of AutoCanada in a research note issued to investors on Wednesday. Clarus Securities analyst S. Kammermayer now forecasts that the firm will post earnings per share of $0.57 for the quarter, up from their prior estimate 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.

Several other research firms have also weighed in on ACQ. Scotiabank reaffirmed a “sector perform” rating and set a C$23.00 target price on shares of AutoCanada in a report on Wednesday, September 21st. CIBC lifted their target price on shares of AutoCanada from C$22.00 to C$24.00 and gave the company a “sector perform” rating in a report on Monday, August 8th. Finally, GMP Securities started coverage on shares of AutoCanada in a report on Tuesday, June 28th. They set a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. AutoCanada currently has a consensus rating of “Buy” and an average price target of C$24.17.

AutoCanada (TSE:ACQ) traded up 2.89% during trading on Thursday, hitting $24.23. 133,981 shares of the company’s stock were exchanged. The company has a market cap of $662.62 million and a price-to-earnings ratio of 24.85. AutoCanada has a 52-week low of $16.06 and a 52-week high of $37.13. The firm has a 50 day moving average price of $22.32 and a 200 day moving average price of $21.25.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 15th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.70%. The ex-dividend date was Monday, August 29th.

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.

Receive News & Ratings for AutoCanada Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoCanada Inc. and related companies with's FREE daily email newsletter.

Leave a Reply

© 2006-2016 Mideast Time.