AutoCanada Inc. (TSE:ACQ) Receives C$32.21 Average PT from Analysts

Key Points

• AutoCanada Inc. has received a consensus rating of "Moderate Buy" from nine research firms, with an average 12-month price target of C$32.21.
• The stock is currently valued at C$31.38 with a market capitalization of C$730.26 million, while recently seeing a 1.8% increase in shares.
• Recent analyst ratings have varied, with BMO Capital Markets upgrading AutoCanada from a "hold" to an "outperform" rating and setting a new target price of C$40.00.

AutoCanada Inc. (TSE:ACQ - Get Free Report) has been given an average recommendation of "Buy" by the nine research firms that are covering the firm, Marketbeat reports. Two research 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 objective among brokers that have issued ratings on the stock in the last year is C$33.71.

ACQ has been the topic of a number of research analyst reports. Acumen Capital boosted 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 report on Thursday, August 14th. Cibc World Mkts upgraded shares of AutoCanada from a "hold" rating to a "strong-buy" rating in a report on Monday. ATB Capital lifted their price objective on shares of AutoCanada from C$25.00 to C$32.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 14th. Canaccord Genuity Group lifted their price objective on shares of AutoCanada from C$24.00 to C$28.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Finally, BMO Capital Markets upgraded shares of AutoCanada from a "hold" rating to an "outperform" rating and raised their target price for the stock from C$20.00 to C$40.00 in a research report on Thursday, August 14th.

AutoCanada Trading Down 0.8%

Shares of AutoCanada stock traded down C$0.28 on Friday, hitting C$33.54. 25,099 shares of the company traded hands, compared to its average volume of 30,824. The stock's 50 day moving average price is C$26.58 and its 200-day moving average price is C$20.94. The company has a market cap of C$780.53 million, a PE ratio of -15.48, a PEG ratio of 0.30 and a beta of 2.54. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 451.54. AutoCanada has a 52 week low of C$13.75 and a 52 week high of C$34.55.

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.