CIBC Has Lowered Expectations for AutoCanada (TSE:ACQ) Stock Price

AutoCanada (TSE:ACQ - Free Report) had its price objective reduced by CIBC from C$17.00 to C$15.00 in a report issued on Thursday morning,BayStreet.CA reports. They currently have an underperform rating on the stock.

Separately, Canaccord Genuity Group boosted their price objective on shares of AutoCanada from C$17.00 to C$22.00 in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, AutoCanada currently has a consensus rating of "Hold" and an average price target of C$19.98.

AutoCanada Stock Down 3.2 %

TSE ACQ traded down C$0.57 on Thursday, hitting C$17.52. The stock had a trading volume of 48,212 shares, compared to its average volume of 19,140. The business's fifty day moving average price is C$17.93 and its 200 day moving average price is C$17.06. The company has a debt-to-equity ratio of 451.54, a current ratio of 1.03 and a quick ratio of 0.25. AutoCanada has a 52-week low of C$13.75 and a 52-week high of C$27.44. The stock has a market cap of C$407.72 million, a price-to-earnings ratio of -8.08, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54.

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.