AutoCanada (TSE:ACQ) Price Target Raised to C$18.50 at ATB Capital

AutoCanada (TSE:ACQ) had its price target hoisted by stock analysts at ATB Capital from C$18.00 to C$18.50 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. ATB Capital’s price objective indicates a potential upside of 10.51% from the company’s current price.

Several other equities research analysts have also commented on ACQ. Canaccord Genuity Group upped their price target on AutoCanada from C$17.00 to C$22.00 and gave the stock a “strong-buy” rating in a research note on Thursday, March 20th. CIBC reduced their target price 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, March 20th. Finally, Acumen Capital upgraded AutoCanada from a “hold” rating to a “speculative buy” rating and increased their price target for the company from C$20.00 to C$22.50 in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$19.83.

AutoCanada Price Performance

Shares of AutoCanada stock traded down C$0.26 during trading on Thursday, reaching C$16.74. The company’s stock had a trading volume of 4,185 shares, compared to its average volume of 18,401. The business has a 50 day moving average price of C$17.95 and a 200-day moving average price of C$17.14. The company has a market capitalization of C$389.57 million, a P/E ratio of -7.72, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 451.54. AutoCanada has a 12-month low of C$13.75 and a 12-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.