Brokerages Set AutoCanada Inc. (TSE:ACQ) PT at C$23.43

AutoCanada Inc. (TSE:ACQ) has been given a consensus recommendation of “Hold” by the seven research firms that are covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$23.43.

Several research analysts have issued reports on ACQ shares. Royal Bank Of Canada raised their price target on shares of AutoCanada from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 18th. Acumen Capital upped their price objective on shares of 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. National Bank Financial increased their price objective on shares of AutoCanada from C$21.00 to C$23.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 13th. BMO Capital Markets increased their price objective on shares of AutoCanada from C$24.00 to C$27.00 in a research report on Friday, August 14th. Finally, ATB Cormark Capital Markets lowered their target price on shares of AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a research note on Tuesday, May 19th.

AutoCanada Stock Up 0.4%

Shares of TSE:ACQ opened at C$22.90 on Thursday. The firm has a market cap of C$526.43 million, a P/E ratio of 18.03, 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$35.48. The business has a fifty day simple moving average of C$22.78 and a 200 day simple moving average of C$22.35. The company has a quick ratio of 0.25, a current ratio of 1.05 and a debt-to-equity ratio of 418.22.

AutoCanada (TSE:ACQ) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.97 EPS for the quarter. AutoCanada had a return on equity of 6.64% and a net margin of 0.63%.The firm had revenue of C$1.42 billion for the quarter. Analysts predict 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.