AutoCanada (ACQ) Raised to Outperform at Royal Bank of Canada

AutoCanada (TSE:ACQ) was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday. The firm presently has a C$27.00 price objective on the stock, up from their prior price objective of C$26.00. Royal Bank of Canada’s price objective would suggest a potential upside of 27.54% from the company’s current price.

Shares of AutoCanada stock opened at C$21.17 on Monday. The stock has a market capitalization of $565.12, a price-to-earnings ratio of 10.69 and a beta of 2.41. AutoCanada has a one year low of C$17.46 and a one year high of C$26.11.

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AutoCanada (TSE:ACQ) last posted its earnings results on Thursday, March 15th. The company reported C$0.33 earnings per share (EPS) for the quarter. The company had revenue of C$733.06 million during the quarter, compared to analysts’ expectations of C$720.78 million. AutoCanada had a return on equity of 10.35% and a net margin of 1.79%.

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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.

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