FY2020 EPS Estimates for AutoCanada Inc. (TSE:ACQ) Lifted by Cormark

AutoCanada Inc. (TSE:ACQ) – Equities researchers at Cormark raised their FY2020 EPS estimates for AutoCanada in a research note issued on Monday, November 11th. Cormark analyst M. Macdougall now forecasts that the company will post earnings of $1.36 per share for the year, up from their prior estimate of $1.09.

Several other brokerages have also commented on ACQ. Clarus Securities restated a “buy” rating on shares of AutoCanada in a research note on Friday, August 9th. CIBC upped their price target on AutoCanada from C$11.00 to C$12.00 in a research note on Monday. Finally, AltaCorp Capital upgraded AutoCanada from a “sector perform” rating to an “outperform” rating in a research note on Sunday, August 11th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. AutoCanada currently has an average rating of “Hold” and an average target price of C$12.00.

Shares of TSE:ACQ opened at C$10.79 on Wednesday. The firm has a market capitalization of $289.52 million and a PE ratio of -7.88. The company has a debt-to-equity ratio of 347.02, a current ratio of 1.07 and a quick ratio of 0.21. The business has a 50-day moving average of C$8.25 and a two-hundred day moving average of C$9.69. AutoCanada has a 12 month low of C$7.33 and a 12 month high of C$13.34.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 26th. This represents a $0.40 annualized dividend and a yield of 3.71%. AutoCanada’s dividend payout ratio is presently -29.20%.

About AutoCanada

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, and New Brunswick. The company offers a range of automotive products and services, including new and 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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Earnings History and Estimates for AutoCanada (TSE:ACQ)

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