AutoCanada Inc. (TSE:ACQ) Given Consensus Rating of “Hold” by Brokerages

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

A number of analysts have recently issued reports on the company. National Bank Financial upgraded AutoCanada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. BMO Capital Markets lowered their price target on shares of AutoCanada from C$19.50 to C$19.00 in a 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. Canaccord Genuity Group upped their target price on shares of AutoCanada from C$15.00 to C$17.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, National Bankshares upgraded shares of AutoCanada from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$17.00 to C$21.00 in a research note on Thursday, November 14th.

AutoCanada Price Performance

TSE ACQ opened at C$16.19 on Friday. AutoCanada has a 1 year low of C$13.75 and a 1 year high of C$27.44. The company has a fifty day simple moving average of C$18.22 and a 200 day simple moving average of C$16.95. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 451.54. The company has a market cap of C$376.77 million, a P/E ratio of -7.47, a P/E/G ratio of 0.30 and a beta of 2.54.

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.