AutoCanada Inc. (TSE:ACQ) Stock Has Average Price Target of C$23.43 According to Analysts

AutoCanada Inc. (TSE:ACQ) has received a consensus rating of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$23.43.

ACQ has been the subject of a number of analyst reports. Royal Bank Of Canada boosted their price target on AutoCanada from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 18th. National Bank Financial raised their price target on AutoCanada from C$21.00 to C$23.00 and gave the company a “sector perform” rating in a report on Thursday, August 13th. Finally, BMO Capital Markets lifted their price objective on shares of AutoCanada from C$24.00 to C$27.00 in a research note on Friday, August 14th.

AutoCanada Stock Performance

Shares of TSE ACQ opened at C$23.38 on Monday. The company has a current ratio of 1.05, a quick ratio of 0.25 and a debt-to-equity ratio of 418.22. The stock has a 50 day simple moving average of C$22.68 and a 200-day simple moving average of C$22.01. The company has a market cap of C$537.46 million, a PE ratio of 18.41, a P/E/G ratio of 0.30 and a beta of 1.84. AutoCanada has a 12-month low of C$14.00 and a 12-month high of C$33.01.

AutoCanada (TSE:ACQ) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$0.97 earnings per share (EPS) for the quarter. AutoCanada had a return on equity of 6.64% and a net margin of 0.63%.The business had revenue of C$1.42 billion during the quarter. On average, equities research analysts forecast that AutoCanada will post 2.4311927 EPS 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.