AutoCanada Inc. (TSE:ACQ) Receives C$19.98 Consensus Target Price from Brokerages

Shares of AutoCanada Inc. (TSE:ACQ - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eleven analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$19.83.

A number of research analysts recently weighed in on the stock. Canaccord Genuity Group raised their target price on shares of AutoCanada from C$17.00 to C$22.00 and gave the company a "strong-buy" rating in a research report on Thursday, March 20th. Acumen Capital raised AutoCanada from a "hold" rating to a "speculative buy" rating and upped their target price for the company from C$20.00 to C$22.50 in a research report on Friday, March 21st. CIBC reduced their price target on AutoCanada from C$17.00 to C$15.00 and set an "underperform" rating on the stock in a research report on Thursday, March 20th. Finally, ATB Capital boosted their target price on shares of AutoCanada from C$18.00 to C$18.50 and gave the company a "sector perform" rating in a research report on Thursday.

AutoCanada Stock Performance

ACQ stock traded down C$0.51 during mid-day trading on Thursday, reaching C$16.12. 10,074 shares of the stock traded hands, compared to its average volume of 18,281. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 451.54. The business has a 50-day moving average of C$17.90 and a two-hundred day moving average of C$17.19. The firm has a market capitalization of C$375.14 million, a PE ratio of -7.44, a P/E/G ratio of 0.30 and a beta of 2.54. AutoCanada has a 52 week low of C$13.75 and a 52 week high of C$26.88.

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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.