AutoCanada Inc. (TSE:ACQ) Receives Consensus Rating of "Buy" from Analysts

Key Points

• AutoCanada Inc. has received a consensus rating of "Buy" from nine analysts, with an average price target of C$33.71.
• Recent upgrades from various brokerages have resulted in revised price targets ranging from C$36.00 to C$39.00 for AutoCanada shares.
• As of the latest trading session, AutoCanada's shares are priced at C$34.20, with a significant 52-week high of C$35.48 and a low of C$14.03.

Shares of AutoCanada Inc. (TSE:ACQ - Get Free Report) have received an average recommendation of "Buy" from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$33.71.

Several brokerages have recently issued reports on ACQ. National Bankshares lifted their price objective on AutoCanada from C$28.00 to C$36.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. ATB Capital raised their target price on shares of AutoCanada from C$25.00 to C$32.00 and gave the company a "sector perform" rating in a report on Thursday, August 14th. CIBC upgraded shares of AutoCanada from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from C$32.50 to C$38.00 in a report on Tuesday, August 26th. Acumen Capital increased their price objective on shares of AutoCanada from C$30.50 to C$39.00 and gave the company a "speculative buy" rating in a research report on Thursday, August 14th. Finally, Cibc World Mkts upgraded shares of AutoCanada from a "hold" rating to a "strong-buy" rating in a report on Monday, August 25th.

AutoCanada Stock Performance

TSE:ACQ opened at C$34.20 on Thursday. AutoCanada has a 52 week low of C$14.03 and a 52 week high of C$35.48. The company has a fifty day simple moving average of C$30.21 and a two-hundred day simple moving average of C$22.55. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 451.54. The company has a market cap of C$791.73 million, a price-to-earnings ratio of -42.22, a price-to-earnings-growth ratio of 0.30 and a beta of 2.48.

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.

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