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AutoCanada (ACQ) Stock Forecast & Price Target

C$19.91
-0.02 (-0.10%)
(As of 05:17 PM ET)

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

Consensus Price Target

C$23.00
15.52% Upside
High ForecastC$35.00
Average ForecastC$23.00
Low ForecastC$18.00
TypeCurrent Forecast
5/31/23 to 5/30/24
1 Month Ago
5/1/23 to 4/30/24
3 Months Ago
3/2/23 to 3/1/24
1 Year Ago
5/31/22 to 5/31/23
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)
2 Buy rating(s)
1 Buy rating(s)
0 Buy rating(s)
Hold
7 Hold rating(s)
5 Hold rating(s)
6 Hold rating(s)
4 Hold rating(s)
Sell
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$23.00C$27.95C$28.15C$29.00
Forecasted Upside15.52% Upside26.42% Upside38.27% Upside60.83% 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.
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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.
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AutoCanada Stock vs. The Competition

TypeAutoCanadaConsumer Cyclical Companies
Consensus Rating Score
2.00
2.47
Consensus RatingHoldHold
News Sentiment RatingPositive News
Neutral News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/6/2024Scotiabank
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 Lower TargetOutperformC$28.00 ➝ C$25.50+21.72%
5/6/2024BMO Capital Markets
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 Lower TargetC$23.00 ➝ C$21.00+0.24%
5/3/2024Atb Cap Markets
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C. Murray
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DowngradeOutperform ➝ Sector Perform
5/3/2024Royal Bank of Canada
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 Lower TargetSector PerformC$22.00 ➝ C$21.00+2.39%
5/3/2024National Bankshares
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 Lower TargetSector PerformC$24.00 ➝ C$22.00+7.26%
5/3/2024ATB Capital
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 DowngradeOutperform ➝ Sector PerformC$62.00 ➝ C$25.00+21.89%
5/3/2024CIBC
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 DowngradeNeutral ➝ UnderperformC$25.00 ➝ C$18.00-12.24%
5/3/2024Acumen Capital
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 DowngradeSpeculative Buy ➝ HoldC$24.50 ➝ C$21.50+5.08%
5/3/2024Canaccord Genuity Group
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 Lower TargetHoldC$20.00 ➝ C$18.00-12.02%
3/19/2024Cormark
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 Set TargetC$35.00+31.93%
7/26/2022Stifel Nicolaus
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 Lower TargetC$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 Thursday at 05:57 PM ET.

ACQ Frequently Asked Questions

What is AutoCanada's stock forecast and purchase recommendation?

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. The consensus rating for AutoCanada stock is Hold based on the current 1 sell rating, 7 hold ratings and 1 buy rating for ACQ. Learn more on ACQ's analyst rating history.

Do Wall Street analysts like AutoCanada more than its competitors?

Analysts like AutoCanada less than other "consumer cyclical" companies. The consensus rating score for AutoCanada is 2.00 while the average consensus rating score for "consumer cyclical" companies is 2.47. Learn more on how ACQ compares to other companies.

Is AutoCanada being downgraded by Wall Street analysts?

Over the previous 90 days, AutoCanada's stock had 4 downgrades by analysts.

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.

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, Cormark, National Bankshares, Royal Bank of Canada, and Scotiabank in the past 90 days.


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This page (TSE:ACQ) was last updated on 5/30/2024 by MarketBeat.com Staff

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