AutoCanada (TSE:ACQ - Free Report) had its price objective increased by Acumen Capital from C$30.50 to C$39.00 in a report released on Thursday,BayStreet.CA reports. They currently have a speculative buy rating on the stock.
Other analysts also recently issued reports about the stock. CIBC lifted their price objective on shares of AutoCanada from C$23.00 to C$27.50 in a report on Thursday, July 17th. National Bankshares lifted their price objective on shares of AutoCanada from C$28.00 to C$36.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Cibc World Mkts raised shares of AutoCanada from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 15th. BMO Capital Markets raised shares of AutoCanada from a "hold" rating to an "outperform" rating and boosted their target price for the company from C$20.00 to C$40.00 in a research report on Thursday, August 14th. Finally, Royal Bank Of Canada boosted their target price on shares of AutoCanada from C$18.00 to C$27.00 in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$32.21.
View Our Latest Report on AutoCanada
AutoCanada Price Performance
Shares of ACQ traded down C$0.95 during trading hours on Thursday, hitting C$31.40. The stock had a trading volume of 40,191 shares, compared to its average volume of 29,784. AutoCanada has a 52 week low of C$13.75 and a 52 week high of C$33.87. The company's fifty day moving average is C$25.34 and its two-hundred day moving average is C$20.39. The company has a debt-to-equity ratio of 451.54, a current ratio of 1.03 and a quick ratio of 0.25. The stock has a market capitalization of C$730.73 million, a price-to-earnings ratio of -14.49, a P/E/G ratio of 0.30 and a beta of 2.54.
Insider Activity at AutoCanada
In related news, insider EdgePoint Investment Group Inc. bought 4,880 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was purchased at an average price of C$19.78 per share, with a total value of C$96,548.36. Insiders have bought a total of 7,440 shares of company stock valued at $151,743 over the last three months. 4.90% of the stock is currently owned by corporate insiders.
About AutoCanada
(
Get Free Report)
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.
Further Reading
Before you consider AutoCanada, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AutoCanada wasn't on the list.
While AutoCanada currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
