AutoCanada Inc. (TSE:ACQ - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.22 and traded as high as C$19.20. AutoCanada shares last traded at C$18.74, with a volume of 10,558 shares trading hands.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the company. Cibc World Mkts upgraded AutoCanada from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 15th. Canaccord Genuity Group raised their price target on AutoCanada from C$17.00 to C$22.00 and gave the company a "strong-buy" rating in a report on Thursday, March 20th. CIBC cut their target price on shares of AutoCanada from C$17.00 to C$15.00 and set an "underperform" rating for the company in a research note on Thursday, March 20th. Acumen Capital raised AutoCanada from a "hold" rating to a "speculative buy" rating and upped their target price for the company from C$20.00 to C$22.50 in a research report on Friday, March 21st. Finally, ATB Capital lifted their price target 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$19.19.
Get Our Latest Stock Analysis on ACQ
AutoCanada Stock Down 2.3%
The company has a market cap of C$473.11 million, a P/E ratio of -9.38, a PEG ratio of 0.30 and a beta of 2.54. The stock has a 50-day moving average of C$16.42 and a 200 day moving average of C$17.36. The company has a debt-to-equity ratio of 451.54, a current ratio of 1.03 and a quick ratio of 0.25.
AutoCanada Company Profile
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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.
Further Reading
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