AutoCanada (TSE:ACQ) Price Target Lowered to C$33.00 at CIBC

AutoCanada (TSE:ACQ) had its price target lowered by CIBC from C$38.00 to C$33.00 in a research report report published on Monday,BayStreet.CA reports.

Other equities research analysts have also issued reports about the stock. ATB Capital lowered their price target on shares of AutoCanada from C$32.00 to C$30.00 and set a “sector perform” rating for the company in a report on Wednesday, October 29th. BMO Capital Markets upgraded shares of AutoCanada from a “hold” rating to an “outperform” rating and boosted their price objective for the company from C$20.00 to C$40.00 in a research report on Thursday, August 14th. National Bankshares increased 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. Canaccord Genuity Group raised their target price on AutoCanada from C$34.00 to C$36.00 in a research note on Tuesday, November 4th. Finally, Royal Bank Of Canada lowered their price target on AutoCanada from C$27.00 to C$23.00 and set a “sector perform” rating for the company in a research report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$33.14.

AutoCanada Price Performance

Shares of AutoCanada stock opened at C$19.42 on Monday. The company has a debt-to-equity ratio of 451.54, a current ratio of 1.03 and a quick ratio of 0.25. AutoCanada has a one year low of C$14.03 and a one year high of C$35.48. The business’s 50 day simple moving average is C$28.91 and its two-hundred day simple moving average is C$26.34. The stock has a market capitalization of C$449.57 million, a P/E ratio of -48.55, a price-to-earnings-growth ratio of 0.30 and a beta of 2.37.

AutoCanada Company Profile

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.