AutoCanada Inc. (TSE:ACQ - Get Free Report) has received an average recommendation of "Moderate Buy" from the ten brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$19.19.
A number of analysts have issued reports on ACQ shares. Acumen Capital raised AutoCanada from a "hold" rating to a "speculative buy" rating and lifted their price target for the stock from C$20.00 to C$22.50 in a report on Friday, March 21st. Canaccord Genuity Group lifted their price target on AutoCanada from C$17.00 to C$22.00 and gave the stock a "strong-buy" rating in a report on Thursday, March 20th. ATB Capital lifted their price target on AutoCanada from C$18.00 to C$18.50 and gave the stock a "sector perform" rating in a report on Thursday, March 27th. CIBC decreased their price target on AutoCanada from C$17.00 to C$15.00 and set an "underperform" rating for the company in a report on Thursday, March 20th. Finally, Cibc World Mkts raised AutoCanada from a "strong sell" rating to a "hold" rating in a report on Thursday, May 15th.
Read Our Latest Report on AutoCanada
Insider Buying and Selling at AutoCanada
In other AutoCanada news, insider EdgePoint Investment Group Inc. acquired 80,840 shares of the company's stock in a transaction that occurred on Friday, May 16th. The shares were purchased at an average price of C$20.50 per share, with a total value of C$1,657,317.01. 4.90% of the stock is owned by company insiders.
AutoCanada Stock Down 3.0%
ACQ traded down C$0.62 on Friday, hitting C$19.73. 45,941 shares of the company were exchanged, compared to its average volume of 22,323. AutoCanada has a twelve month low of C$13.75 and a twelve month high of C$22.37. The company has a market cap of C$459.15 million, a price-to-earnings ratio of -9.10, a price-to-earnings-growth 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. The firm has a 50-day moving average price of C$16.61 and a two-hundred day moving average price of C$17.40.
AutoCanada Company Profile
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Get Free ReportAutoCanada 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.
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