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

Shares of AutoCanada Inc. (TSE:ACQ) have earned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$19.44.

A number of research analysts recently weighed in on ACQ shares. National Bank Financial raised shares of AutoCanada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. CIBC dropped their price target on AutoCanada from C$15.50 to C$15.00 in a report on Friday, November 15th. National Bankshares raised AutoCanada from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$17.00 to C$21.00 in a research report on Thursday, November 14th. Finally, BMO Capital Markets cut their price target on shares of AutoCanada from C$19.50 to C$19.00 in a report on Thursday, November 14th.

AutoCanada Stock Up 2.4 %

ACQ stock opened at C$17.35 on Tuesday. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 444.38. The firm has a market capitalization of C$402.35 million, a PE ratio of -11.05, a P/E/G ratio of 0.30 and a beta of 2.54. The stock’s 50 day moving average is C$17.05 and its 200-day moving average is C$17.30. AutoCanada has a twelve month low of C$13.75 and a twelve month high of C$27.44.

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.