AutoCanada Inc. (TSE:ACQ) Given Average Rating of "Hold" by Analysts

Shares of AutoCanada Inc. (TSE:ACQ - Get Free Report) have been assigned an average recommendation of "Hold" from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$19.44.

ACQ has been the subject of a number of analyst reports. National Bankshares raised AutoCanada from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from C$17.00 to C$21.00 in a report on Thursday, November 14th. National Bank Financial upgraded AutoCanada from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 13th. CIBC decreased their price target on AutoCanada from C$15.50 to C$15.00 in a research report on Friday, November 15th. Finally, BMO Capital Markets lowered their price target on shares of AutoCanada from C$19.50 to C$19.00 in a report on Thursday, November 14th.

AutoCanada Stock Performance

ACQ traded down C$0.08 on Friday, hitting C$16.92. The company's stock had a trading volume of 8,176 shares, compared to its average volume of 10,880. AutoCanada has a 12 month low of C$13.75 and a 12 month high of C$27.44. The firm has a market cap of C$392.37 million, a P/E ratio of -10.78, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 444.38. The company's 50 day simple moving average is C$17.59 and its 200-day simple moving average is C$16.99.

AutoCanada Company Profile

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships and related business. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, and extended service contracts; and vehicle protection, after-market products, and auction services.