AutoCanada Inc. (TSE:ACQ) Given Consensus Rating of "Hold" by Brokerages

Key Points

• AutoCanada has a consensus “Hold” rating from seven analysts: six recommend holding the stock and one recommends buying it. The average 12-month price target is C$22.57.
• Recent analyst views have been mixed, with target prices ranging from C$21.00 to C$27.00; several firms maintain “sector perform” or hold ratings.
• AutoCanada reported quarterly revenue of C$1.19 billion and earnings of C$0.21 per share. The stock recently traded near C$22.54, while the company carries a high debt-to-equity ratio of 448.50.

AutoCanada Inc. (TSE:ACQ - Get Free Report) has been given an average rating of "Hold" by the seven ratings firms that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$22.57.

A number of analysts have recently commented on the stock. Royal Bank Of Canada boosted their target price on shares of AutoCanada from C$18.00 to C$23.00 and gave the stock a "sector perform" rating in a research note on Tuesday, May 26th. BMO Capital Markets lowered shares of AutoCanada from an "outperform" rating to a "hold" rating and set a C$24.00 price target on the stock. in a research note on Monday, July 20th. Acumen Capital lifted their price objective on AutoCanada from C$25.00 to C$27.00 and gave the stock a "speculative buy" rating in a report on Thursday, May 14th. National Bank Financial cut their price objective on AutoCanada from C$22.00 to C$21.00 and set a "sector perform" rating for the company in a research note on Monday, July 13th. Finally, ATB Cormark Capital Markets reduced their target price on AutoCanada from C$22.00 to C$21.00 and set a "sector perform" rating for the company in a report on Tuesday, May 19th.

AutoCanada Price Performance

AutoCanada stock opened at C$22.54 on Friday. The stock has a market capitalization of C$519.12 million, a P/E ratio of 21.67, a P/E/G ratio of 0.30 and a beta of 1.67. The company's fifty day moving average price is C$22.55 and its 200 day moving average price is C$23.10. The company has a debt-to-equity ratio of 448.50, a quick ratio of 0.25 and a current ratio of 1.07. AutoCanada has a 1 year low of C$14.00 and a 1 year high of C$35.48.

AutoCanada (TSE:ACQ - Get Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C$0.21 earnings per share for the quarter. The company had revenue of C$1.19 billion during the quarter. AutoCanada had a net margin of 0.51% and a return on equity of 5.29%. As a group, equities research analysts anticipate that AutoCanada will post 2.4311927 earnings per share for the current fiscal year.

About AutoCanada

AutoCanada's Canadian Dealership Operations include 64 franchised dealerships representing 23 automotive brands across eight provinces, as well as three independent used dealerships. The Company currently sells Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru, and Volkswagen vehicles. In 2024, AutoCanada's Canadian dealerships sold approximately 85,000 new and used retail vehicles.

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