AutoCanada Inc. (TSE:ACQ) has been given a consensus recommendation of “Buy” by the seven research firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$12.80.
Several equities analysts have commented on the company. AltaCorp Capital upgraded AutoCanada from a “sector perform” rating to an “outperform” rating in a report on Sunday, August 11th. Clarus Securities reiterated a “buy” rating on shares of AutoCanada in a report on Friday, August 9th.
ACQ traded up C$0.29 during midday trading on Friday, hitting C$8.21. 72,101 shares of the company’s stock traded hands, compared to its average volume of 106,512. The company has a market cap of $220.71 million and a PE ratio of -4.29. The stock’s fifty day simple moving average is C$8.22 and its 200-day simple moving average is C$10.12. The company has a debt-to-equity ratio of 352.13, a current ratio of 1.09 and a quick ratio of 0.19. AutoCanada has a one year low of C$7.33 and a one year high of C$13.34.
In related news, Director Dennis Stephan Desrosiers purchased 10,000 shares of the stock in a transaction on Tuesday, August 13th. The shares were bought at an average price of C$9.72 per share, for a total transaction of C$97,239.00. Following the completion of the acquisition, the director now directly owns 24,500 shares in the company, valued at approximately C$238,235.55.
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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