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

AutoCanada logo with Consumer Cyclical background

Shares of AutoCanada Inc. (TSE:ACQ - Get Free Report) have received a consensus rating of "Hold" from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$19.56.

ACQ has been the subject of a number of recent analyst reports. National Bankshares raised shares of AutoCanada from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from C$17.00 to C$21.00 in a research note on Thursday, November 14th. BMO Capital Markets cut their target price on AutoCanada from C$19.50 to C$19.00 in a research note on Thursday, November 14th. CIBC raised their price target on AutoCanada from C$15.00 to C$16.00 and gave the stock an "underperform" rating in a research note on Monday, January 13th. Finally, National Bank Financial raised AutoCanada from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th.

Get Our Latest Stock Report on AutoCanada

AutoCanada Trading Up 1.0 %

Shares of TSE ACQ traded up C$0.19 during trading hours on Wednesday, hitting C$18.39. 113,911 shares of the company traded hands, compared to its average volume of 20,703. The company's 50 day moving average price is C$18.25 and its 200 day moving average price is C$16.95. AutoCanada has a 12 month low of C$13.75 and a 12 month high of C$27.44. The stock has a market capitalization of C$426.46 million, a price-to-earnings ratio of -11.71, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 444.38.

About AutoCanada

(Get Free Report

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.

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