AutoCanada (TSE:ACQ) Stock Price Expected to Rise, CIBC Analyst Says

AutoCanada (TSE:ACQ) had its target price boosted by CIBC from C$16.00 to C$17.00 in a report released on Monday,BayStreet.CA reports. CIBC’s price objective would suggest a potential downside of 8.31% from the stock’s current price.

ACQ has been the topic of a number of other reports. National Bank Financial upgraded shares of AutoCanada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. National Bankshares raised AutoCanada from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$17.00 to C$21.00 in a research note on Thursday, November 14th. Finally, BMO Capital Markets cut their price objective on AutoCanada from C$19.50 to C$19.00 in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, AutoCanada currently has a consensus rating of “Hold” and an average target price of C$19.67.

AutoCanada Stock Down 2.3 %

ACQ stock opened at C$18.54 on Monday. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 444.38. The firm’s 50-day simple moving average is C$18.24 and its 200 day simple moving average is C$16.91. The stock has a market cap of C$429.94 million, a PE ratio of -11.81, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. AutoCanada has a fifty-two week low of C$13.75 and a fifty-two week high of C$27.44.

AutoCanada Company Profile

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships and related business. 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, and extended service contracts; and vehicle protection, after-market products, and auction services.