AutoCanada Inc. (TSE:ACQ - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$18.31 and traded as high as C$22.73. AutoCanada shares last traded at C$22.18, with a volume of 11,534 shares traded.
Analyst Upgrades and Downgrades
Several research firms have recently commented on ACQ. Acumen Capital raised shares of AutoCanada from a "hold" rating to a "speculative buy" rating and raised their price objective for the company from C$20.00 to C$22.50 in a research note on Friday, March 21st. CIBC upgraded shares of AutoCanada from an "underperform" rating to a "neutral" rating and increased their target price for the stock from C$15.00 to C$23.00 in a report on Thursday, May 22nd. Canaccord Genuity Group boosted their price target on shares of AutoCanada from C$22.00 to C$24.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. ATB Capital increased their price objective on AutoCanada from C$18.00 to C$18.50 and gave the company a "sector perform" rating in a research note on Thursday, March 27th. Finally, Cibc World Mkts upgraded AutoCanada from a "strong sell" rating to a "hold" rating in a report on Thursday, May 15th. Six equities research 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.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$20.31.
Check Out Our Latest Report on ACQ
AutoCanada Trading Down 0.5%
The stock has a market cap of C$513.84 million, a price-to-earnings ratio of -10.19, a P/E/G ratio of 0.30 and a beta of 2.54. The business's 50 day moving average is C$20.31 and its 200 day moving average is C$18.31. The company has a debt-to-equity ratio of 451.54, a current ratio of 1.03 and a quick ratio of 0.25.
Insiders Place Their Bets
In related news, insider EdgePoint Investment Group Inc. bought 4,880 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were purchased at an average cost of C$19.78 per share, with a total value of C$96,548.36. Insiders purchased a total of 88,280 shares of company stock worth $1,809,060 in the last three months. 4.90% of the stock is owned by 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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