AutoCanada Inc. (TSE:ACQ) Receives C$19.83 Average PT from Brokerages

AutoCanada Inc. (TSE:ACQ - Get Free Report) has earned an average rating of "Moderate Buy" from the eleven research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$19.83.

Several brokerages have recently issued reports on ACQ. CIBC reduced their price objective on AutoCanada from C$17.00 to C$15.00 and set an "underperform" rating for the company in a research report on Thursday, March 20th. Acumen Capital upgraded AutoCanada from a "hold" rating to a "speculative buy" rating and boosted their price target for the stock from C$20.00 to C$22.50 in a research report on Friday, March 21st. Canaccord Genuity Group raised their price target on AutoCanada from C$17.00 to C$22.00 and gave the company a "strong-buy" rating in a report on Thursday, March 20th. Finally, ATB Capital upped their price objective on shares of AutoCanada from C$18.00 to C$18.50 and gave the stock a "sector perform" rating in a report on Thursday, March 27th.

AutoCanada Stock Performance

AutoCanada stock traded down C$0.13 during midday trading on Monday, reaching C$15.61. 1,768 shares of the stock traded hands, compared to its average volume of 18,355. The firm has a fifty day moving average price of C$16.40 and a two-hundred day moving average price of C$17.14. AutoCanada has a fifty-two week low of C$13.75 and a fifty-two week high of C$24.87. The firm has a market cap of C$363.27 million, a price-to-earnings ratio of -7.20, a PEG ratio of 0.30 and a beta of 2.54. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 451.54.

AutoCanada Company Profile

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships and related business. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, and extended service contracts; and vehicle protection, after-market products, and auction services.