AutoCanada (TSE:ACQ) Stock Price Passes Above 200 Day Moving Average - What's Next?

AutoCanada logo with Consumer Cyclical background

Shares of AutoCanada Inc. (TSE:ACQ - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$16.95 and traded as high as C$19.30. AutoCanada shares last traded at C$19.04, with a volume of 57,027 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. 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 report on Monday, January 13th. National Bankshares upgraded AutoCanada from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from C$17.00 to C$21.00 in a research report on Thursday, November 14th. National Bank Financial upgraded shares of AutoCanada from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 13th. 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of C$19.56.

Read Our Latest Report on ACQ

AutoCanada Trading Up 1.0 %

The firm has a market capitalization of C$426.46 million, a price-to-earnings ratio of -11.71, a P/E/G ratio of 0.30 and a beta of 2.54. The company has a debt-to-equity ratio of 444.38, a quick ratio of 0.25 and a current ratio of 1.03. The business has a fifty day moving average price of C$18.25 and a 200 day moving average price of C$16.96.

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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