AutoCanada (TSE:ACQ) Price Target Raised to C$34.00 at CIBC

AutoCanada (TSE:ACQ) had its price objective increased by CIBC from C$30.00 to C$34.00 in a report released on Thursday,BayStreet.CA reports.

ACQ has been the topic of several other research reports. Royal Bank Of Canada dropped their target price on shares of AutoCanada from C$30.00 to C$29.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 6th. ATB Capital decreased their price objective on shares of AutoCanada from C$30.00 to C$25.00 in a report on Monday, November 17th. Canaccord Genuity Group upped their price objective on AutoCanada from C$36.00 to C$42.00 and gave the company a “buy” rating in a research report on Monday, January 19th. National Bankshares cut their target price 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. Finally, Acumen Capital boosted their price target on AutoCanada from C$35.50 to C$39.25 and gave the stock a “speculative buy” rating in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, AutoCanada presently has a consensus rating of “Moderate Buy” and an average target price of C$34.04.

AutoCanada Trading Down 2.0%

TSE ACQ opened at C$28.93 on Thursday. AutoCanada has a 12 month low of C$14.03 and a 12 month high of C$35.48. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 451.54. The stock’s fifty day moving average price is C$24.32 and its 200-day moving average price is C$27.16. The stock has a market cap of C$668.25 million, a P/E ratio of -72.33, a P/E/G ratio of 0.30 and a beta of 2.08.

AutoCanada (TSE:ACQ) last announced its quarterly earnings results 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. As a group, equities analysts forecast that AutoCanada will post 2.4311927 EPS for the current fiscal 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.