Analysts Set AutoCanada Inc. (TSE:ACQ) PT at C$19.44

AutoCanada Inc. (TSE:ACQ - Get Free Report) has been given an average rating of "Hold" by the ten research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$19.44.

Several equities research analysts recently weighed in on the company. CIBC decreased their price objective on AutoCanada from C$15.50 to C$15.00 in a report on Friday, November 15th. National Bank Financial raised shares of AutoCanada from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. BMO Capital Markets cut their price objective on shares of AutoCanada from C$19.50 to C$19.00 in a report on Thursday, November 14th. Finally, National Bankshares upgraded shares of AutoCanada from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from C$17.00 to C$21.00 in a research note on Thursday, November 14th.

AutoCanada Stock Performance

Shares of AutoCanada stock traded down C$0.38 on Tuesday, reaching C$18.03. 45,426 shares of the company traded hands, compared to its average volume of 45,906. The company has a debt-to-equity ratio of 444.38, a current ratio of 1.03 and a quick ratio of 0.25. The firm has a market capitalization of C$418.12 million, a PE ratio of -11.48, a PEG ratio of 0.30 and a beta of 2.54. The company has a 50 day moving average of C$16.93 and a 200 day moving average of C$17.34. AutoCanada has a 52 week low of C$13.75 and a 52 week high of C$27.44.

Insider Activity

In related news, insider EdgePoint Investment Group Inc. purchased 27,200 shares of the business's stock in a transaction on Friday, September 20th. The stock was acquired at an average price of C$15.47 per share, with a total value of C$420,900.96. Company insiders own 4.90% of the company's stock.

About AutoCanada

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.