AutoCanada Inc. (TSE:ACQ - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$18.17 and traded as high as C$22.39. AutoCanada shares last traded at C$22.06, with a volume of 8,254 shares changing hands.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on ACQ shares. CIBC upgraded shares of AutoCanada from an "underperform" rating to a "neutral" rating and raised their price objective for the company from C$15.00 to C$23.00 in a research report on Thursday, May 22nd. Cibc World Mkts upgraded shares of AutoCanada from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 15th. Canaccord Genuity Group raised their price objective on shares of AutoCanada from C$22.00 to C$24.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. ATB Capital raised their price objective on shares of AutoCanada from C$18.00 to C$18.50 and gave the company a "sector perform" rating in a research report on Thursday, March 27th. Finally, Acumen Capital raised shares of AutoCanada from a "hold" rating to a "speculative buy" rating and boosted their price target for the stock from C$20.00 to C$22.50 in a research note on Friday, March 21st. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$20.31.
Read Our Latest Stock Analysis on AutoCanada
AutoCanada Price Performance
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 firm has a market capitalization of C$513.37 million, a P/E ratio of -10.18, a P/E/G ratio of 0.30 and a beta of 2.54. The firm's 50 day simple moving average is C$19.56 and its two-hundred day simple moving average is C$18.17.
Insider Buying and Selling at AutoCanada
In other news, insider EdgePoint Investment Group Inc. acquired 4,880 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were purchased at an average price of C$19.78 per share, for a total transaction of C$96,548.36. Over the last quarter, insiders have bought 88,025 shares of company stock worth $1,803,341. 4.90% of the stock is currently owned by company insiders.
About AutoCanada
(
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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