AutoCanada Inc. (TSE:ACQ) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts' consensus: AutoCanada has an average rating of Hold from seven brokers (five Hold, two Buy) with a 12‑month average price target of C$24.18.
• Recent analyst moves were mixed: several firms cut targets and/or ratings (BMO to C$24, National Bank to Hold with C$24, RBC to C$18) while Acumen raised its target to C$39.25 and issued a speculative buy.
• Key stock/fundamentals: shares opened at C$21.24 with a market cap of ~C$488.9M, 52‑week range C$14.00–C$35.48, very high leverage (debt‑to‑equity 409.72), quarterly EPS of C($0.06) and analysts' average FY EPS forecast of ~C$2.43.

AutoCanada Inc. (TSE:ACQ - Get Free Report) has received an average rating of "Hold" from the seven brokerages that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$24.18.

A number of research analysts have issued reports on ACQ shares. BMO Capital Markets reduced their price objective on shares of AutoCanada from C$36.00 to C$24.00 in a research report on Friday, March 20th. ATB Cormark Capital Markets cut their target price on shares of AutoCanada from C$25.00 to C$22.00 and set a "sector perform" rating on the stock in a research note on Thursday, March 19th. National Bank Financial cut shares of AutoCanada from an "outperform" rating to a "hold" rating and reduced their price target for the company from C$29.00 to C$24.00 in a research report on Thursday, March 19th. Acumen Capital boosted their price target on shares of AutoCanada from C$35.50 to C$39.25 and gave the company a "speculative buy" rating in a research report on Tuesday, January 27th. Finally, Royal Bank Of Canada decreased their price target on shares of AutoCanada from C$28.00 to C$18.00 in a research note on Thursday, March 19th.

AutoCanada Price Performance

Shares of ACQ stock opened at C$21.24 on Monday. The company has a debt-to-equity ratio of 409.72, a quick ratio of 0.25 and a current ratio of 1.07. AutoCanada has a fifty-two week low of C$14.00 and a fifty-two week high of C$35.48. The firm has a market cap of C$488.88 million, a P/E ratio of 32.18, a P/E/G ratio of 0.30 and a beta of 1.82. The business's 50 day moving average price is C$24.27 and its 200-day moving average price is C$24.95.

AutoCanada (TSE:ACQ - Get Free Report) last announced its earnings results on Wednesday, March 18th. The company reported C($0.06) EPS for the quarter. AutoCanada had a net margin of 0.33% and a return on equity of 3.40%. The business had revenue of C$1.12 billion for the quarter. On average, equities research analysts anticipate that AutoCanada will post 2.4311927 earnings per share for the current 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.

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