AutoCanada Inc. (TSE:ACQ) Receives C$12.46 Average PT from Analysts

AutoCanada Inc. (TSE:ACQ) has earned an average rating of “Hold” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$12.46.

A number of research analysts recently issued reports on ACQ shares. GMP Securities restated an “average” rating and set a C$16.00 price objective on shares of AutoCanada in a report on Wednesday, May 8th. Canaccord Genuity cut their price target on shares of Jamieson Wellness from C$23.00 to C$20.00 in a research note on Monday, May 6th. Finally, CIBC cut their price target on shares of Toromont Industries from C$70.00 to C$68.00 in a research note on Monday, May 6th.

ACQ traded down C$0.35 during midday trading on Friday, hitting C$9.05. The company had a trading volume of 76,840 shares, compared to its average volume of 103,850. The company has a debt-to-equity ratio of 361.91, a current ratio of 1.08 and a quick ratio of 0.20. The company has a market capitalization of $259.63 million and a P/E ratio of -2.92. AutoCanada has a twelve month low of C$8.36 and a twelve month high of C$14.95. The firm has a 50-day moving average price of C$11.00.

AutoCanada (TSE:ACQ) last issued its quarterly earnings results on Thursday, May 2nd. The company reported C($0.12) EPS for the quarter, missing the consensus estimate of C$0.12 by C($0.24). The firm had revenue of C$739.37 million for the quarter, compared to the consensus estimate of C$727.37 million. On average, research analysts anticipate that AutoCanada will post 1.3700001 EPS for the current fiscal year.

About AutoCanada

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, and New Brunswick. 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, extended service contracts, vehicle protection products, and other after-market products.

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Analyst Recommendations for AutoCanada (TSE:ACQ)

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