AutoCanada Inc. (TSE:ACQ) Receives C$34.04 Average PT from Brokerages

Shares of AutoCanada Inc. (TSE:ACQ) have earned a consensus rating of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$34.04.

A number of analysts have recently issued reports on the stock. Canaccord Genuity Group increased their price target on shares of AutoCanada from C$36.00 to C$42.00 and gave the stock a “buy” rating in a research report on Monday, January 19th. Canadian Imperial Bank of Commerce increased their target price on shares of AutoCanada from C$30.00 to C$34.00 in a research report on Thursday, February 5th. National Bank Financial decreased their target price on shares of AutoCanada from C$31.00 to C$29.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Acumen Capital upped their price target on shares of AutoCanada from C$35.50 to C$39.25 and gave the stock a “speculative buy” rating in a research note on Tuesday, January 27th. Finally, ATB Cormark Capital Markets cut their price objective on AutoCanada from C$30.00 to C$25.00 in a report on Monday, November 17th.

AutoCanada Price Performance

Shares of TSE:ACQ opened at C$28.23 on Friday. The company’s fifty day moving average is C$25.77 and its two-hundred day moving average is C$27.22. 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$14.03 and a 12-month high of C$35.48. The company has a market cap of C$652.08 million, a P/E ratio of -70.58, a price-to-earnings-growth ratio of 0.30 and a beta of 2.08.

AutoCanada (TSE:ACQ) last issued its earnings results on Thursday, November 13th. The company reported C$0.66 EPS for the quarter. The business had revenue of C$1.20 billion during the quarter. AutoCanada had a negative return on equity of 9.79% and a negative net margin of 0.82%. Equities analysts expect that AutoCanada will post 2.4311927 earnings per share for the current fiscal year.

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. The majority of revenue is generated in the new-vehicles sales segment.