AutoCanada Inc. (TSE:ACQ) – Equities research analysts at Clarus Securities lifted their Q3 2018 EPS estimates for AutoCanada in a research note issued to investors on Monday. Clarus Securities analyst S. Kammermayer now forecasts that the company will post earnings of $0.51 per share for the quarter, up from their prior estimate of $0.50. Clarus Securities also issued estimates for AutoCanada’s FY2018 earnings at $1.96 EPS.
A number of other equities analysts also recently weighed in on ACQ. CIBC upgraded AutoCanada from a “neutral” rating to a “sector outperform” rating and upped their target price for the company from C$22.00 to C$29.00 in a report on Monday, November 13th. Canaccord Genuity upped their target price on AutoCanada from C$21.00 to C$22.00 and gave the company a “hold” rating in a report on Monday, November 13th. Finally, Royal Bank of Canada upped their target price on AutoCanada from C$25.00 to C$26.00 and gave the company a “sector perform” rating in a report on Monday, November 13th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. AutoCanada currently has a consensus rating of “Hold” and an average target price of C$25.00.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 1.69%. AutoCanada’s dividend payout ratio is currently 20.20%.
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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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