AutoCanada (TSE:ACQ) Rating Increased to Speculative Buy at Acumen Capital

Acumen Capital upgraded shares of AutoCanada (TSE:ACQ) from a hold rating to a speculative buy rating in a research note released on Friday morning,BayStreet.CA reports. They currently have C$22.50 target price on the stock, up from their prior target price of C$20.00.

Other analysts also recently issued research reports about the stock. CIBC dropped 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 report on Thursday. Canaccord Genuity Group lifted their price target on shares of AutoCanada from C$17.00 to C$22.00 in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$19.98.

AutoCanada Stock Down 3.2 %

TSE:ACQ opened at C$17.52 on Friday. AutoCanada has a fifty-two week low of C$13.75 and a fifty-two week high of C$27.44. The firm has a market cap of C$407.72 million, a P/E ratio of -8.08, a P/E/G ratio of 0.30 and a beta of 2.54. The firm has a 50-day simple moving average of C$17.93 and a two-hundred day simple moving average of C$17.10. The company has a debt-to-equity ratio of 451.54, a quick ratio of 0.25 and a current ratio of 1.03.

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.