ATB Capital Has Lowered Expectations for AutoCanada (TSE:ACQ) Stock Price

AutoCanada (TSE:ACQ) had its price target cut by ATB Capital from C$30.00 to C$25.00 in a report issued on Monday,BayStreet.CA reports. ATB Capital’s price target would indicate a potential upside of 27.16% from the stock’s current price.

A number of other research analysts also recently commented on ACQ. Cibc World Mkts upgraded AutoCanada from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 25th. National Bankshares upped their target price on shares of AutoCanada from C$28.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Thursday, August 14th. CIBC dropped their price target on shares of AutoCanada from C$38.00 to C$33.00 in a research note on Monday. BMO Capital Markets upgraded AutoCanada from a “hold” rating to an “outperform” rating and boosted their price objective for the stock from C$20.00 to C$40.00 in a research report on Thursday, August 14th. Finally, Acumen Capital raised their target price on AutoCanada from C$30.50 to C$39.00 and gave the company a “speculative buy” rating in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$33.14.

AutoCanada Stock Performance

Shares of TSE:ACQ traded up C$0.62 during trading on Monday, reaching C$19.66. 133,658 shares of the company’s stock traded hands, compared to its average volume of 37,905. The company has a debt-to-equity ratio of 451.54, a current ratio of 1.03 and a quick ratio of 0.25. AutoCanada has a 12 month low of C$14.03 and a 12 month high of C$35.48. The company has a 50 day moving average of C$29.23 and a 200-day moving average of C$26.31. The stock has a market capitalization of C$455.13 million, a P/E ratio of -49.15, a price-to-earnings-growth ratio of 0.30 and a beta of 2.37.

About AutoCanada

AutoCanada Inc operates car dealerships in Canada. The company offers new and used vehicles, spare parts, maintenance services, and customer financing. AutoCanada retails brands such as Chrysler, Dodge, Jeep, Ram, Cadillac, Chevrolet, Buick, GMC, Audi, Volkswagen, BMW, Mini, Infiniti, Nissan, Hyundai, Kia, Fiat, Mitsubishi, and Subaru.