AutoCanada (ACQ) Stock Forecast & Price Target

C$19.37

+0.02 (+0.10%)

(As of 07/26/2024 ET)

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AutoCanada - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 9 Analyst Ratings

Based on 9 Wall Street analysts who have issued ratings for AutoCanada in the last 12 months, the stock has a consensus rating of "Hold." Out of the 9 analysts, 1 has given a sell rating, 7 have given a hold rating, and 1 has given a buy rating for ACQ.

Consensus Price Target

C$23.00
18.74% Upside

High Forecast	C$35.00
Average Forecast	C$23.00
Low Forecast	C$18.00

According to the 9 analysts' twelve-month price targets for AutoCanada, the average price target is C$23.00. The highest price target for ACQ is C$35.00, while the lowest price target for ACQ is C$18.00. The average price target represents a forecasted upside of 18.74% from the current price of C$19.37.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)	0 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$23.00	C$23.00	C$27.95	C$27.78
Forecasted Upside	18.74% Upside	9.62% Upside	26.42% Upside	58.77% Upside

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ACQ Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ACQ Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

AutoCanada Stock vs. The Competition

Type	AutoCanada	Consumer Cyclical Companies
Consensus Rating Score	2.00	2.50
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Positive News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
5/6/2024	Scotiabank 5 of 5 stars		Lower Target	Outperform	C$28.00 ➝ C$25.50	+21.72%
5/6/2024	BMO Capital Markets 3 of 5 stars		Lower Target		C$23.00 ➝ C$21.00	+0.24%
5/3/2024	Atb Cap Markets 5 of 5 stars	C. Murray Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Sector Perform
5/3/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform	C$22.00 ➝ C$21.00	+2.39%
5/3/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform	C$24.00 ➝ C$22.00	+7.26%
5/3/2024	ATB Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Sector Perform	C$62.00 ➝ C$25.00	+21.89%
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5/3/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform	C$25.00 ➝ C$18.00	-12.24%
5/3/2024	Acumen Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Speculative Buy ➝ Hold	C$24.50 ➝ C$21.50	+5.08%
5/3/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	C$20.00 ➝ C$18.00	-12.02%
3/19/2024	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target		C$35.00	+31.93%
7/26/2022	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$50.00 ➝ C$40.00	+60.00%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 09:25 PM ET.

ACQ Forecast - Frequently Asked Questions

What is AutoCanada's forecast for 2024?: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for AutoCanada is C$23.00, with a high forecast of C$35.00 and a low forecast of C$18.00.
Should I buy or sell AutoCanada stock right now?: 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AutoCanada in the last twelve months. There is currently 1 sell rating, 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" ACQ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ACQ, but not buy additional shares or sell existing shares.
Does AutoCanada's stock price have much upside?: According to analysts, AutoCanada's stock has a predicted upside of 9.62% based on their 12-month stock forecasts.
Has AutoCanada been downgraded by Wall Street analysts recently?: Over the previous 90 days, AutoCanada's stock had 4 downgrades by analysts.
What analysts cover AutoCanada?: AutoCanada has been rated by research analysts at Acumen Capital, Atb Cap Markets, ATB Capital, BMO Capital Markets, Canaccord Genuity Group, CIBC, National Bankshares, Royal Bank of Canada, and Scotiabank in the past 90 days.
Do Wall Street analysts like AutoCanada more than its competitors?: Analysts like AutoCanada less than other "consumer cyclical" companies. The consensus rating for AutoCanada is Hold while the average consensus rating for "consumer cyclical" companies is Moderate Buy. Learn more on how ACQ compares to other companies.