AutoCanada Inc. (TSE:ACQ) Receives C$19.98 Consensus PT from Analysts

Shares of AutoCanada Inc. (TSE:ACQ) have received an average rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, three have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$19.83.

A number of analysts recently commented on the stock. ATB Capital upped their price objective on shares of AutoCanada from C$18.00 to C$18.50 and gave the company a “sector perform” rating in a research report on Thursday. CIBC cut their price target on shares of AutoCanada from C$17.00 to C$15.00 and set an “underperform” rating on the stock in a research report on Thursday, March 20th. Canaccord Genuity Group upped their price objective on AutoCanada from C$17.00 to C$22.00 and gave the stock a “strong-buy” rating in a research note on Thursday, March 20th. Finally, Acumen Capital raised shares of AutoCanada from a “hold” rating to a “speculative buy” rating and raised their target price for the company from C$20.00 to C$22.50 in a research note on Friday, March 21st.

AutoCanada Price Performance

AutoCanada stock opened at C$16.12 on Thursday. AutoCanada has a 1 year low of C$13.75 and a 1 year high of C$26.88. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 451.54. The firm has a market capitalization of C$375.14 million, a P/E ratio of -7.44, a PEG ratio of 0.30 and a beta of 2.54. The business has a 50-day moving average of C$17.90 and a 200-day moving average of C$17.17.

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.