AutoCanada Inc. (TSE:ACQ) Given Average Rating of “Moderate Buy” by Brokerages

AutoCanada Inc. (TSE:ACQ) has been given an average rating of “Moderate Buy” by the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$19.83.

ACQ has been the topic of a number of recent research reports. CIBC dropped their price target on AutoCanada from C$17.00 to C$15.00 and set an “underperform” rating on the stock in a research report on Thursday, March 20th. ATB Capital upped their price target on shares of AutoCanada from C$18.00 to C$18.50 and gave the stock a “sector perform” rating in a research report on Thursday, March 27th. Acumen Capital raised shares of AutoCanada from a “hold” rating to a “speculative buy” rating and lifted their price objective for the company from C$20.00 to C$22.50 in a report on Friday, March 21st. Finally, Canaccord Genuity Group upped their target price on AutoCanada from C$17.00 to C$22.00 and gave the stock a “strong-buy” rating in a report on Thursday, March 20th.

AutoCanada Stock Up 3.4 %

Shares of TSE ACQ opened at C$15.88 on Monday. The stock has a 50 day moving average price of C$16.66 and a 200 day moving average price of C$17.16. The firm has a market capitalization of C$369.55 million, a price-to-earnings ratio of -7.33, a PEG ratio of 0.30 and a beta of 2.54. AutoCanada has a 52-week low of C$13.75 and a 52-week high of C$24.87. The company has a debt-to-equity ratio of 451.54, a quick ratio of 0.25 and a current ratio of 1.03.

About AutoCanada

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.