AutoCanada Inc. (TSE:ACQ) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of AutoCanada Inc. (TSE:ACQ) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$34.04.

A number of research firms have recently commented on ACQ. Canadian Imperial Bank of Commerce lifted their price target on shares of AutoCanada from C$30.00 to C$34.00 in a research report on Thursday, February 5th. Royal Bank Of Canada decreased their price target on shares of 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. Canaccord Genuity Group lifted their price objective on AutoCanada from C$36.00 to C$42.00 and gave the stock a “buy” rating in a research note on Monday, January 19th. National Bank Financial decreased their target price on AutoCanada from C$31.00 to C$29.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Finally, ATB Cormark Capital Markets dropped their price target on AutoCanada from C$30.00 to C$25.00 in a research report on Monday, November 17th.

AutoCanada Stock Down 0.4%

Shares of AutoCanada stock opened at C$26.58 on Friday. The firm has a market cap of C$613.97 million, a P/E ratio of -66.45, a P/E/G ratio of 0.30 and a beta of 2.08. AutoCanada has a fifty-two week low of C$14.03 and a fifty-two week high of C$35.48. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 451.54. The business has a 50-day moving average price of C$25.28 and a 200 day moving average price of C$27.19.

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. The business had revenue of C$1.20 billion during the quarter. AutoCanada had a negative return on equity of 9.79% and a negative net margin of 0.82%. On average, sell-side analysts forecast that AutoCanada will post 2.4311927 earnings per share for the current fiscal year.

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