AutoCanada Inc. (TSE:ACQ) Receives C$19.67 Average PT from Brokerages

Shares of AutoCanada Inc. (TSE:ACQ) have received an average rating of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$19.40.

ACQ has been the topic of a number of recent analyst reports. Canaccord Genuity Group raised their price target on shares of AutoCanada from C$15.00 to C$17.00 and gave the company a “hold” rating in a research report on Tuesday, March 4th. National Bank Financial raised shares of AutoCanada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. National Bankshares raised shares of AutoCanada from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$17.00 to C$21.00 in a research report on Thursday, November 14th. CIBC raised their price objective on shares of AutoCanada from C$16.00 to C$17.00 in a report on Monday, February 10th. Finally, BMO Capital Markets decreased their price objective on shares of AutoCanada from C$19.50 to C$19.00 in a report on Thursday, November 14th.

AutoCanada Stock Up 0.1 %

ACQ opened at C$16.21 on Friday. The company has a debt-to-equity ratio of 451.54, a current ratio of 1.03 and a quick ratio of 0.25. The company’s 50-day moving average is C$18.17 and its 200 day moving average is C$16.97. 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 capitalization of C$377.23 million, a P/E ratio of -7.48, a PEG ratio of 0.30 and a beta of 2.54.

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.