AutoCanada (TSE:ACQ) Price Target Lowered to C$25.00 at ATB Capital

AutoCanada (TSE:ACQ) had its price objective decreased by ATB Capital from C$30.00 to C$25.00 in a report issued on Monday morning,BayStreet.CA reports.

ACQ has been the subject of several other reports. Canaccord Genuity Group upped their price target on AutoCanada from C$34.00 to C$36.00 in a research note on Tuesday, November 4th. National Bankshares boosted their target price on shares of AutoCanada from C$28.00 to C$36.00 and gave the stock an “outperform” rating in a report on Thursday, August 14th. Royal Bank Of Canada cut their target price on shares of AutoCanada from C$27.00 to C$23.00 and set a “sector perform” rating for the company in a research note on Friday, August 15th. Cibc World Mkts upgraded shares of AutoCanada from a “hold” rating to a “strong-buy” rating in a report on Monday, August 25th. Finally, Acumen Capital boosted their price target on shares of AutoCanada from C$30.50 to C$39.00 and gave the stock a “speculative buy” rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, AutoCanada presently has a consensus rating of “Moderate Buy” and an average price target of C$33.14.

AutoCanada Stock Performance

TSE ACQ opened at C$19.42 on Monday. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 451.54. AutoCanada has a twelve month low of C$14.03 and a twelve month high of C$35.48. The business has a 50-day moving average price of C$28.91 and a 200-day moving average price of C$26.34. The firm has a market cap of C$449.57 million, a price-to-earnings ratio of -48.55, a price-to-earnings-growth ratio of 0.30 and a beta of 2.37.

About AutoCanada

AutoCanada Inc operates car dealerships in Canada. The company offers new and used vehicles, spare parts, maintenance services, and customer financing. AutoCanada retails brands such as Chrysler, Dodge, Jeep, Ram, Cadillac, Chevrolet, Buick, GMC, Audi, Volkswagen, BMW, Mini, Infiniti, Nissan, Hyundai, Kia, Fiat, Mitsubishi, and Subaru.