AutoCanada Inc. (TSE:ACQ - Get Free Report) has been given an average rating of "Moderate Buy" by the ten brokerages that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$20.31.
A number of brokerages recently commented on ACQ. CIBC upgraded AutoCanada from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from C$15.00 to C$23.00 in a research report on Thursday, May 22nd. Canaccord Genuity Group lifted their price objective on AutoCanada from C$22.00 to C$24.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. ATB Capital lifted their price objective on AutoCanada from C$18.00 to C$18.50 and gave the stock a "sector perform" rating in a research report on Thursday, March 27th. Cibc World Mkts upgraded AutoCanada from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, Acumen Capital upgraded AutoCanada from a "hold" rating to a "speculative buy" rating and boosted their target price for the stock from C$20.00 to C$22.50 in a research report on Friday, March 21st.
Check Out Our Latest Stock Report on ACQ
Insider Activity
In related news, insider EdgePoint Investment Group Inc. bought 80,840 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was bought at an average cost of C$20.50 per share, for a total transaction of C$1,657,317.01. In the last three months, insiders bought 88,280 shares of company stock worth $1,809,060. 4.90% of the stock is currently owned by insiders.
AutoCanada Price Performance
Shares of ACQ stock opened at C$22.08 on Friday. The stock has a 50-day moving average price of C$20.44 and a 200 day moving average price of C$18.33. 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 firm has a market cap of C$513.84 million, a price-to-earnings ratio of -10.19, a PEG ratio of 0.30 and a beta of 2.54. AutoCanada has a 12 month low of C$13.75 and a 12 month high of C$23.27.
About AutoCanada
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Get Free ReportAutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships and related business. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, and extended service contracts; and vehicle protection, after-market products, and auction services.
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