Brokerages Set AutoCanada Inc. (TSE:ACQ) Target Price at C$34.04

AutoCanada Inc. (TSE:ACQ) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$34.04.

ACQ has been the topic of several analyst reports. Acumen Capital increased their price objective on AutoCanada from C$35.50 to C$39.25 and gave the company a “speculative buy” rating in a report on Tuesday, January 27th. ATB Cormark Capital Markets lowered their target price on AutoCanada from C$30.00 to C$25.00 in a research report on Monday, November 17th. Royal Bank Of Canada cut their target price on AutoCanada from C$30.00 to C$29.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 6th. National Bank Financial reduced their price target on AutoCanada from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Finally, Canaccord Genuity Group increased their price target on AutoCanada from C$36.00 to C$42.00 and gave the company a “buy” rating in a research note on Monday, January 19th.

AutoCanada Trading Down 1.8%

Shares of TSE ACQ opened at C$19.67 on Thursday. The firm has a 50 day moving average price of C$26.03 and a two-hundred day moving average price of C$26.54. The stock has a market cap of C$454.36 million, a P/E ratio of -49.18, a price-to-earnings-growth ratio of 0.30 and a beta of 1.76. AutoCanada has a 52-week low of C$14.03 and a 52-week high of C$35.48. The company has a debt-to-equity ratio of 376.45, a quick ratio of 0.25 and a current ratio of 1.09.

AutoCanada Company Profile

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.