AutoCanada Inc. (TSE:ACQ) – Equities researchers at Cormark lifted their FY2020 EPS estimates for AutoCanada in a research report issued to clients and investors on Monday, November 11th. Cormark analyst M. Macdougall now expects that the company will earn $1.36 per share for the year, up from their previous estimate of $1.09.
Other research analysts have also recently issued reports about the stock. AltaCorp Capital upgraded shares of AutoCanada from a “sector perform” rating to an “outperform” rating in a research report on Sunday, August 11th. Clarus Securities restated a “buy” rating on shares of AutoCanada in a research report on Friday, August 9th. Finally, CIBC increased their price target on shares of AutoCanada from C$11.00 to C$12.00 in a research report on Monday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of C$12.00.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Tuesday, November 26th. AutoCanada’s payout ratio is currently -29.20%.
AutoCanada Company Profile
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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