AutoCanada (TSE:ACQ - Get Free Report) had its price target lifted by equities research analysts at CIBC from C$16.00 to C$17.00 in a report released on Monday,BayStreet.CA reports. CIBC's price objective suggests a potential downside of 12.14% from the company's previous close.
A number of other research analysts have also issued reports on the company. National Bankshares upgraded AutoCanada from a "sector perform" rating to an "outperform" rating and increased their target price for the company from C$17.00 to C$21.00 in a research report on Thursday, November 14th. BMO Capital Markets decreased their price objective on shares of AutoCanada from C$19.50 to C$19.00 in a report on Thursday, November 14th. Finally, National Bank Financial raised shares of AutoCanada from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 13th. One 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of C$19.67.
View Our Latest Analysis on AutoCanada
AutoCanada Price Performance
Shares of ACQ stock traded up C$0.36 during mid-day trading on Monday, hitting C$19.35. 26,632 shares of the stock were exchanged, compared to its average volume of 21,380. AutoCanada has a 52-week low of C$13.75 and a 52-week high of C$27.44. 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 company has a market cap of C$450.31 million, a PE ratio of -8.93, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. The firm has a fifty day moving average of C$18.25 and a 200 day moving average of C$16.92.
About AutoCanada
(
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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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