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

Key Points

• AutoCanada currently carries a consensus analyst rating of "Hold", based on coverage from seven analysts. Of those, five rate it a hold and two a buy, with an average 12-month price target of C$22.57.
• Recent analyst moves have been mixed but mostly cautious, with several firms cutting ratings or price targets on the stock. Notable changes included CIBC and Canaccord downgrades to hold, while Acumen Capital and RBC raised their targets.
• The stock was trading down 1.1% at C$22.34 and sits near its 50-day and 200-day moving averages. AutoCanada recently reported C$0.21 EPS on C$1.19 billion in revenue for the quarter.

Shares of AutoCanada Inc. (TSE:ACQ - Get Free Report) have received an average recommendation of "Hold" from the seven analysts that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$22.57.

Several analysts have issued reports on the stock. National Bank Financial lowered their target price on shares of AutoCanada from C$22.00 to C$21.00 and set a "sector perform" rating on the stock in a research note on Monday. Canadian Imperial Bank of Commerce lowered shares of AutoCanada from an "outperform" rating to a "hold" rating and reduced their price target for the company from C$34.00 to C$20.00 in a research report on Friday, March 20th. Canaccord Genuity Group cut shares of AutoCanada from a "buy" rating to a "hold" rating and decreased their price target for the stock from C$42.00 to C$22.00 in a report on Thursday, March 19th. Acumen Capital upped their price target on shares of AutoCanada from C$25.00 to C$27.00 and gave the stock a "speculative buy" rating in a report on Thursday, May 14th. Finally, Royal Bank Of Canada increased their price objective on AutoCanada from C$18.00 to C$23.00 and gave the stock a "sector perform" rating in a research report on Tuesday, May 26th.

AutoCanada Trading Down 1.1%

Shares of ACQ opened at C$22.34 on Wednesday. AutoCanada has a twelve month low of C$14.00 and a twelve month high of C$35.48. The stock has a market cap of C$514.51 million, a PE ratio of 21.48, a P/E/G ratio of 0.30 and a beta of 1.70. The company has a quick ratio of 0.25, a current ratio of 1.07 and a debt-to-equity ratio of 448.50. The business's 50-day moving average price is C$22.14 and its 200-day moving average price is C$23.27.

AutoCanada (TSE:ACQ - Get Free Report) last released its quarterly earnings data on Wednesday, May 13th. The company reported C$0.21 EPS 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%. On average, equities analysts forecast that AutoCanada will post 2.4311927 EPS for the current fiscal year.

AutoCanada Company Profile

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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