AutoCanada (TSE:ACQ) Price Target Raised to C$18.50

AutoCanada (TSE:ACQ) had its target price increased by ATB Capital from C$18.00 to C$18.50 in a research note published on Thursday,BayStreet.CA reports. ATB Capital currently has a sector perform rating on the stock.

A number of other equities analysts also recently commented on the company. Acumen Capital upgraded AutoCanada from a “hold” rating to a “speculative buy” rating and lifted their target price for the company from C$20.00 to C$22.50 in a research note on Friday, March 21st. CIBC reduced their price objective on AutoCanada from C$17.00 to C$15.00 and set an “underperform” rating for the company in a research report on Thursday, March 20th. Finally, Canaccord Genuity Group increased their target price on AutoCanada from C$17.00 to C$22.00 and gave the stock a “strong-buy” rating in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$19.83.

AutoCanada Stock Down 2.2 %

Shares of TSE:ACQ opened at C$16.63 on Thursday. The company’s fifty day moving average is C$17.94 and its two-hundred day moving average is C$17.14. The company has a debt-to-equity ratio of 451.54, a quick ratio of 0.25 and a current ratio of 1.03. AutoCanada has a 1-year low of C$13.75 and a 1-year high of C$27.44. The stock has a market capitalization of C$387.01 million, a price-to-earnings ratio of -7.67, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54.

About AutoCanada

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.