CIBC Issues Pessimistic Forecast for AutoCanada (TSE:ACQ) Stock Price

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

Separately, Canaccord Genuity Group upped their target price on AutoCanada from C$17.00 to C$22.00 in a report on Thursday. One 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. According to data from MarketBeat, AutoCanada currently has an average rating of "Hold" and an average price target of C$19.98.

AutoCanada Stock Performance

Shares of TSE:ACQ traded up C$0.14 during trading on Thursday, reaching C$17.66. 4,833 shares of the company's stock traded hands, compared to its average volume of 18,889. The stock has a market capitalization of C$410.98 million, a P/E ratio of -8.15, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. AutoCanada has a 12 month low of C$13.75 and a 12 month high of C$27.44. The company has a 50 day moving average of C$17.93 and a 200-day moving average of C$17.10. 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 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.