AutoCanada Inc. (TSE:ACQ) Receives C$19.44 Consensus Price Target from Brokerages

AutoCanada Inc. (TSE:ACQ) has been assigned an average recommendation of “Hold” from the ten research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$19.56.

Several equities analysts have recently commented on the stock. National Bank Financial raised shares of AutoCanada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. National Bankshares raised shares of AutoCanada from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$17.00 to C$21.00 in a report on Thursday, November 14th. CIBC boosted their target price on shares of AutoCanada from C$15.00 to C$16.00 and gave the stock an “underperform” rating in a report on Monday. Finally, BMO Capital Markets lowered their target price on shares of AutoCanada from C$19.50 to C$19.00 in a report on Thursday, November 14th.

AutoCanada Price Performance

ACQ stock opened at C$16.91 on Friday. AutoCanada has a one year low of C$13.75 and a one year high of C$27.44. The company’s fifty day moving average price is C$17.59 and its 200-day moving average price is C$16.97. The company has a debt-to-equity ratio of 444.38, a quick ratio of 0.25 and a current ratio of 1.03. The company has a market capitalization of C$392.14 million, a PE ratio of -10.77, 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.