AutoCanada (TSE:ACQ) Price Target Raised to C$23.00

AutoCanada (TSE:ACQ) had its price objective boosted by National Bank Financial from C$21.00 to C$23.00 in a research note released on Thursday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets cut AutoCanada from an “outperform” rating to a “hold” rating and set a C$24.00 target price for the company. in a report on Monday, July 20th. ATB Cormark Capital Markets decreased their price target on AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 19th. Royal Bank Of Canada boosted their price objective on AutoCanada from C$18.00 to C$23.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 26th. Finally, Acumen Capital increased their price objective on AutoCanada from C$25.00 to C$27.00 and gave the company a “speculative buy” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, AutoCanada currently has an average rating of “Hold” and a consensus target price of C$23.29.

AutoCanada Stock Down 1.4%

Shares of TSE:ACQ opened at C$24.04 on Thursday. The stock’s 50-day moving average price is C$22.70 and its 200-day moving average price is C$22.98. AutoCanada has a 12-month low of C$14.00 and a 12-month high of C$35.48. The stock has a market capitalization of C$553.67 million, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 0.30 and a beta of 1.67. The company has a current ratio of 1.07, a quick ratio of 0.25 and a debt-to-equity ratio of 448.50.

AutoCanada (TSE:ACQ) last released its quarterly earnings data on Wednesday, May 13th. The company reported C$0.21 EPS for the quarter. AutoCanada had a return on equity of 5.29% and a net margin of 0.51%.The firm had revenue of C$1.19 billion for the quarter. On average, equities analysts anticipate that AutoCanada will post 2.4311927 earnings per share for the current year.

About AutoCanada

AutoCanada’s Canadian Dealership Operations include 64 franchised dealerships representing 23 automotive brands across eight provinces, as well as three independent used dealerships. The Company currently sells Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru, and Volkswagen vehicles. In 2024, AutoCanada’s Canadian dealerships sold approximately 85,000 new and used retail vehicles.