CIBC Cuts AutoCanada (TSE:ACQ) Price Target to C$30.00

AutoCanada (TSE:ACQ) had its price objective dropped by stock analysts at CIBC from C$33.00 to C$30.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s target price would indicate a potential upside of 22.05% from the stock’s current price.

Several other equities analysts have also recently weighed in on ACQ. ATB Capital dropped their price target on shares of AutoCanada from C$30.00 to C$25.00 in a research report on Monday, November 17th. National Bankshares dropped 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 lifted their price objective on shares of AutoCanada from C$34.00 to C$36.00 in a research note on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$31.71.

AutoCanada Stock Performance

ACQ stock traded up C$0.65 during trading hours on Monday, reaching C$24.58. The stock had a trading volume of 19,021 shares, compared to its average volume of 21,298. The stock has a market capitalization of C$567.77 million, a PE ratio of -61.45, a price-to-earnings-growth ratio of 0.30 and a beta of 2.04. The stock has a 50-day simple moving average of C$22.53 and a 200 day simple moving average of C$26.68. AutoCanada has a fifty-two week low of C$14.03 and a fifty-two week high of C$35.48. 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 (TSE:ACQ) last announced its quarterly 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 for the quarter. AutoCanada had a negative net margin of 0.82% and a negative return on equity of 9.79%. Analysts predict that AutoCanada will post 2.4311927 EPS for the current fiscal year.

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.