AutoCanada Inc. (TSE:ACQ) Receives C$19.31 Average Price Target from Analysts

Shares of AutoCanada Inc. (TSE:ACQ) have been given a consensus recommendation of “Hold” by the nine research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$19.11.

A number of research firms recently weighed in on ACQ. BMO Capital Markets lowered their price objective on shares of AutoCanada from C$21.00 to C$19.50 and set a “market perform” rating for the company in a research note on Wednesday, August 14th. ATB Capital decreased their price target on shares of AutoCanada from C$25.00 to C$20.00 in a research report on Wednesday, August 14th. Atb Cap Markets downgraded shares of AutoCanada from an “outperform” rating to a “sector perform” rating in a report on Friday, May 3rd. Acumen Capital cut their price objective on shares of AutoCanada from C$21.50 to C$19.75 in a report on Thursday. Finally, Scotiabank cut their price target on shares of AutoCanada from C$28.00 to C$25.50 and set an “outperform” rating on the stock in a report on Monday, May 6th.

AutoCanada Stock Up 1.5 %

TSE:ACQ opened at C$14.65 on Wednesday. AutoCanada has a 1-year low of C$14.20 and a 1-year high of C$27.54. The company has a 50-day moving average of C$18.97 and a 200 day moving average of C$21.35. The firm has a market cap of C$343.84 million, a PE ratio of 8.93, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. The company has a debt-to-equity ratio of 408.35, a current ratio of 1.05 and a quick ratio of 0.25.

Insider Activity

In other news, Director Christopher Harris acquired 5,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were bought at an average price of C$14.48 per share, for a total transaction of C$72,400.00. Insiders have acquired 8,000 shares of company stock worth $131,300 in the last quarter. Corporate insiders own 4.79% of the company’s stock.

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.