AutoCanada Inc. (TSE:ACQ) Receives Average Rating of "Hold" from Analysts

Key Points

• Analyst consensus: AutoCanada has an average rating of "Hold" from seven analysts (five hold, two buy) and an average 1‑year target price of C$23.89.
• Diverging price-targets: Several brokers (Canaccord, National Bank, ATB Cormark, BMO) recently cut targets toward ~C$22, while Acumen Capital raised its target to C$39.25 and rated the stock a "speculative buy", signaling mixed analyst views.
• Key financials and recent results: ACQ opened at C$23.06, reported Q EPS of C($0.06) on C$1.12B revenue, carries very high leverage (debt-to-equity 409.72), has a market cap ≈C$531M and a 12‑month range of C$14.00–C$35.48.

Shares of AutoCanada Inc. (TSE:ACQ - Get Free Report) have been given an average rating of "Hold" by the seven ratings firms that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$23.89.

A number of research analysts have commented on ACQ shares. Canaccord Genuity Group lowered shares of AutoCanada from a "buy" rating to a "hold" rating and dropped their price objective for the company from C$42.00 to C$22.00 in a research note on Thursday, March 19th. National Bank Financial dropped their price objective on shares of AutoCanada from C$24.00 to C$22.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 8th. Acumen Capital lifted their price objective on shares of AutoCanada from C$35.50 to C$39.25 and gave the company a "speculative buy" rating in a research note on Tuesday, January 27th. ATB Cormark Capital Markets dropped their price objective 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. Finally, BMO Capital Markets dropped their price objective on shares of AutoCanada from C$36.00 to C$24.00 in a research note on Friday, March 20th.

AutoCanada Trading Up 0.5%

TSE ACQ opened at C$23.06 on Friday. The company has a debt-to-equity ratio of 409.72, a current ratio of 1.07 and a quick ratio of 0.25. The firm's fifty day moving average price is C$21.80 and its 200 day moving average price is C$23.69. The company has a market capitalization of C$530.77 million, a price-to-earnings ratio of 34.94, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82. AutoCanada has a 12 month low of C$14.00 and a 12 month high of C$35.48.

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

About AutoCanada

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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