Royal Bank Of Canada Lowers TrueCar, Inc. (TRUE) Price Target to $18.00
Royal Bank Of Canada Lowers TrueCar, Inc. (TRUE) Price Target to $18.00
10 November, 2017, 14:03
They now have a $15.00 price target on the stock, up from their prior price target of $12.00. $19.25's average target is 81.95% above currents $10.58 stock price.
A number of other analysts have also recently weighed in on TRUE. Zacks Investment Research cut shares of TrueCar from a "buy" rating to a "hold" rating in a research note on Thursday, July 13th. JPMorgan Chase & Co. reaffirmed a "hold" rating on shares of TrueCar in a report on Friday, November 11th. The stock presently has an average rating of "Hold" and an average price target of $17.44.
Among 3 analysts covering TrueCar (NDAQ:TRUE), 2 have Buy rating, 0 Sell and 1 Hold. New York-based Bluefin Trading Lc has invested 0.14% in TrueCar Inc (NASDAQ:TRUE). 1,217,522 shares of the stock traded hands. TrueCar, Inc. has a fifty-two week low of $10.37 and a fifty-two week high of $21.75. In looking the SMA 50 we see that the stock has seen a -34.69% while it has a distance of -37.02% from the 200 days simple moving average. The stock has "Buy" rating by RBC Capital Markets on Monday, April 24. Par Mngmt Inc has invested 1.08% in TrueCar Inc (NASDAQ:TRUE). Moreover, Mraz Amerine & Associates Inc. has 0.11% invested in the company for 26,125 shares. TrueCar had a negative net margin of 22.92% and a negative return on equity of 22.29%. During the same period previous year, the business earned ($0.03) earnings per share.
COPYRIGHT: This news story was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and worldwide copyright legislation. The original version of this piece can be viewed at https://weekherald.com/2017/11/08/truecar-inc-true-price-target-lowered-to-18-00-at-royal-bank-of-canada.html. Following the transaction, the director now directly owns 61,678 shares of the company's stock, valued at $1,017,687. The stock was sold at an average price of $17.01, for a total transaction of $1,997,144.10. Following the completion of the transaction, the executive vice president now owns 98,438 shares of the company's stock, valued at $1,260,990.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. This works out to a net increase in ownership of 11.69 million shares, and suggests that institutions are feeling bullish about the stock. The disclosure for this sale can be found here. 40,334 are owned by Driehaus Mgmt Limited Company. BlackRock Group LTD boosted its position in TrueCar by 4.4% in the third quarter. The data from the past twelve months tells a similar story: insiders executed 19 buys and 97 sells, and ownership decreased by a net of 8.05 million shares. California State Teachers Retirement System boosted its position in TrueCar by 0.7% in the third quarter. Approximately 18,236,247 shares were traded during trading, an increase of 1,062% from the average daily volume of 1,570,000 shares.
Among new and sold out positions, 38 holders initiated new positions by a total of 14.28 million shares and 27 holders exited their positions by a total of 3.32 million shares. Rhumbline Advisers now owns 51,521 shares of the company's stock worth $486,000 after buying an additional 840 shares in the last quarter. Finally, North Star Investment Management Corp. bought a new position in shares of TrueCar in the second quarter valued at $179,000.
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