AutoCanada Inc. (TSE:ACQ) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

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

A number of brokerages have issued reports on ACQ. National Bank Financial decreased their price objective on AutoCanada from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Canadian Imperial Bank of Commerce lifted their target price on AutoCanada from C$30.00 to C$34.00 in a report on Thursday, February 5th. Acumen Capital increased their price target on AutoCanada from C$35.50 to C$39.25 and gave the company a “speculative buy” rating in a report on Tuesday, January 27th. ATB Cormark Capital Markets lowered their price target on AutoCanada from C$30.00 to C$25.00 in a research report on Monday, November 17th. Finally, Royal Bank Of Canada dropped their price objective on shares of AutoCanada from C$30.00 to C$29.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 6th.

AutoCanada Stock Down 2.6%

Shares of TSE:ACQ opened at C$20.25 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.25 and a debt-to-equity ratio of 376.45. AutoCanada has a 12 month low of C$14.03 and a 12 month high of C$35.48. The company has a 50-day moving average price of C$26.19 and a 200 day moving average price of C$26.72. The company has a market cap of C$467.75 million, a price-to-earnings ratio of -50.63, a PEG ratio of 0.30 and a beta of 1.76.

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.