AutoCanada Inc. (TSE:ACQ - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The company traded as high as C$23.98 and last traded at C$23.86, with a volume of 17734 shares changing hands. The stock had previously closed at C$22.75.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the company. ATB Capital lifted their target price on AutoCanada from C$18.00 to C$18.50 and gave the stock a "sector perform" rating in a report on Thursday, March 27th. CIBC upgraded AutoCanada from an "underperform" rating to a "neutral" rating and boosted their target price for the company from C$15.00 to C$23.00 in a research report on Thursday, May 22nd. Canaccord Genuity Group boosted their target price on AutoCanada from C$22.00 to C$24.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Cibc World Mkts upgraded AutoCanada from a "strong sell" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Acumen Capital upgraded AutoCanada from a "hold" rating to a "speculative buy" rating and boosted their price target for the company from C$20.00 to C$22.50 in a report on Friday, March 21st. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, AutoCanada has an average rating of "Moderate Buy" and an average target price of C$20.31.
Check Out Our Latest Analysis on ACQ
AutoCanada Stock Performance
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 business has a 50-day moving average price of C$21.16 and a 200-day moving average price of C$18.54. The firm has a market capitalization of C$566.20 million, a price-to-earnings ratio of -11.23, a P/E/G ratio of 0.30 and a beta of 2.54.
Insider Buying and Selling
In other AutoCanada news, insider EdgePoint Investment Group Inc. purchased 4,880 shares of the stock in a transaction on Wednesday, May 21st. The shares were bought at an average cost of C$19.78 per share, with a total value of C$96,548.36. Insiders have acquired 88,280 shares of company stock valued at $1,809,060 over the last 90 days. 4.90% of the stock is currently owned by corporate insiders.
AutoCanada Company Profile
(
Get Free Report)
AutoCanada 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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