AutoCanada Inc. (TSE:ACQ) Receives Average Rating of “Moderate Buy” from Analysts

Shares of AutoCanada Inc. (TSE:ACQ) have received an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$33.43.

A number of research analysts have recently issued reports on the stock. Canaccord Genuity Group boosted their price target on shares of AutoCanada from C$36.00 to C$42.00 and gave the stock a “buy” rating in a research note on Monday. CIBC lowered their price objective on AutoCanada from C$33.00 to C$30.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. ATB Capital dropped their target price on AutoCanada from C$30.00 to C$25.00 in a research report on Monday, November 17th. Royal Bank Of Canada reduced their price target on AutoCanada from C$30.00 to C$29.00 and set a “sector perform” rating for the company in a report on Tuesday, January 6th. Finally, National Bankshares decreased their price target on AutoCanada from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th.

AutoCanada Price Performance

Shares of TSE ACQ opened at C$26.48 on Wednesday. The stock has a fifty day moving average price of C$22.53 and a 200 day moving average price of C$26.94. AutoCanada has a 1-year low of C$14.03 and a 1-year high of C$35.48. The company has a debt-to-equity ratio of 451.54, a current ratio of 1.03 and a quick ratio of 0.25. The company has a market cap of C$611.66 million, a PE ratio of -66.20, a P/E/G ratio of 0.30 and a beta of 2.04.

AutoCanada (TSE:ACQ) last announced its quarterly earnings data on Thursday, November 13th. The company reported C$0.66 earnings per share (EPS) for the quarter. AutoCanada had a negative net margin of 0.82% and a negative return on equity of 9.79%. The company had revenue of C$1.20 billion for the quarter. Sell-side analysts forecast that AutoCanada will post 2.4311927 EPS for the current year.

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. The majority of revenue is generated in the new-vehicles sales segment.