Brokerages Set AutoCanada Inc. (TSE:ACQ) Price Target at C$22.57

AutoCanada Inc. (TSE:ACQ) has been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$22.57.

Several analysts have weighed in on the stock. BMO Capital Markets lowered their target price on shares of AutoCanada from C$36.00 to C$24.00 in a research note on Friday, March 20th. Royal Bank Of Canada increased their target price on shares of AutoCanada from C$18.00 to C$23.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 26th. Canadian Imperial Bank of Commerce downgraded shares of AutoCanada from an “outperform” rating to a “hold” rating and reduced their price target for the stock from C$34.00 to C$20.00 in a research report on Friday, March 20th. Acumen Capital lifted their price target on shares of AutoCanada from C$25.00 to C$27.00 and gave the company a “speculative buy” rating in a report on Thursday, May 14th. Finally, ATB Cormark Capital Markets lowered their price objective on shares of AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 19th.

AutoCanada Price Performance

Shares of TSE ACQ opened at C$23.04 on Wednesday. AutoCanada has a twelve month low of C$14.00 and a twelve month high of C$35.48. The company has a current ratio of 1.07, a quick ratio of 0.25 and a debt-to-equity ratio of 448.50. The company has a market capitalization of C$530.63 million, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 0.30 and a beta of 1.70. The business has a 50 day simple moving average of C$22.17 and a 200-day simple moving average of C$23.26.

AutoCanada (TSE:ACQ) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.21 earnings per share (EPS) for the quarter. AutoCanada had a return on equity of 5.29% and a net margin of 0.51%.The business had revenue of C$1.19 billion for the quarter. As a group, equities research analysts expect that AutoCanada will post 2.4311927 earnings per share for the current year.

AutoCanada Company Profile

AutoCanada’s Canadian Dealership Operations include 64 franchised dealerships representing 23 automotive brands across eight provinces, as well as three independent used dealerships. The Company currently sells Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru, and Volkswagen vehicles. In 2024, AutoCanada’s Canadian dealerships sold approximately 85,000 new and used retail vehicles.