Skip to main content

AutoCanada (TSE:ACQ) PT Raised to C$48.00

Last updated on Thursday, April 29, 2021 | 2021 MarketBeat

AutoCanada (TSE:ACQ) had its price target lifted by investment analysts at CIBC from C$41.00 to C$48.00 in a research note issued to investors on Thursday, BayStreet.CA reports. CIBC's price target would indicate a potential downside of 2.77% from the company's current price.

A number of other analysts have also commented on the stock. ATB Capital boosted their price objective on shares of AutoCanada from C$40.00 to C$55.00 and gave the stock an "outperform" rating in a research report on Thursday, April 22nd. Canaccord Genuity upped their price objective on shares of AutoCanada from C$32.00 to C$36.00 in a report on Thursday, March 4th. Scotiabank upped their price objective on shares of AutoCanada from C$40.00 to C$46.00 in a research report on Thursday, April 15th. Cormark reiterated a "buy" rating and issued a C$51.50 price objective on shares of AutoCanada in a report on Friday, April 16th. Finally, National Bank Financial raised their price objective on shares of AutoCanada from C$27.00 to C$29.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 4th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of "Buy" and a consensus target price of C$42.56.

TSE ACQ traded up C$2.17 during midday trading on Thursday, hitting C$49.37. The company had a trading volume of 255,212 shares, compared to its average volume of 167,632. The company has a quick ratio of 0.24, a current ratio of 0.99 and a debt-to-equity ratio of 377.39. The stock has a market cap of C$1.34 billion and a price-to-earnings ratio of -181.36. The firm has a fifty day simple moving average of C$34.93 and a two-hundred day simple moving average of C$28.54. AutoCanada has a fifty-two week low of C$5.82 and a fifty-two week high of C$51.85.

AutoCanada (TSE:ACQ) last released its quarterly earnings data on Tuesday, March 2nd. The company reported C$0.52 EPS for the quarter, topping analysts' consensus estimates of C$0.48 by C$0.04. The business had revenue of C$876.12 million for the quarter, compared to the consensus estimate of C$871.74 million. As a group, equities analysts predict that AutoCanada will post 3.19 earnings per share for the current year.

About AutoCanada

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, and New Brunswick, Canada; and Illinois, the United States. 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, extended service contracts, and vehicle protection and other after-market products.

Further Reading: Diversification in Investing

Analyst Recommendations for AutoCanada (TSE:ACQ)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: Dual Listing What You Need to Know


7 Cyclical Stocks That Can Help You Play Defense

A cyclical stock is one that produces returns that are influenced by macroeconomic or systematic changes in the broader economy. In strong economic times, these stocks show generally strong growth because they are influenced by discretionary consumer spending. Of course, that means the opposite is true as well. When the economy is weak, these stocks may pull back further than other stocks.

Cyclical stocks cover many sectors, but travel and entertainment stocks come to mind. Airlines, hotels, and restaurants are all examples of cyclical sectors that do well during times of economic growth but are among the first to pull back in recessionary times.

Why do cyclical stocks deserve a place in an investor’s portfolio? Believe it or not, it’s for the relative predictability that they provide. Investors may enjoy speculating in growth stocks, but these are prone to bubbles. This isn’t to say that cyclical stocks are not volatile, but they offer price movement that is a bit more predictable.

In this special presentation, we’re looking at cyclical stocks that are looking strong as we come out of the pandemic. And some of these stocks held up well during the pandemic which means they’re starting from a stronger base.

View the "7 Cyclical Stocks That Can Help You Play Defense ".


MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.