AutoCanada Inc. (TSE:ACQ) Receives C$33.43 Consensus Price Target from Brokerages

AutoCanada Inc. (TSE:ACQ) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$33.43.

A number of research firms have recently issued reports on ACQ. ATB Capital cut their price objective on AutoCanada from C$30.00 to C$25.00 in a report on Monday, November 17th. Canaccord Genuity Group upped their target price on AutoCanada from C$36.00 to C$42.00 and gave the stock a “buy” rating in a research note on Monday, January 19th. Royal Bank Of Canada reduced their price target on shares of AutoCanada from C$30.00 to C$29.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 6th. CIBC decreased their price target on shares of AutoCanada from C$33.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Finally, National Bankshares reduced their target price on shares of AutoCanada from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a report on Monday, December 15th.

AutoCanada Stock Performance

AutoCanada stock opened at C$26.83 on Wednesday. AutoCanada has a fifty-two week low of C$14.03 and a fifty-two week high of C$35.48. The company has a debt-to-equity ratio of 451.54, a quick ratio of 0.25 and a current ratio of 1.03. The stock has a market cap of C$619.75 million, a P/E ratio of -67.08, a price-to-earnings-growth ratio of 0.30 and a beta of 2.04. The firm’s fifty day moving average price is C$22.88 and its 200-day moving average price is C$26.97.

AutoCanada (TSE:ACQ) last announced its earnings results on Thursday, November 13th. The company reported C$0.66 earnings per share (EPS) for the quarter. The company had revenue of C$1.20 billion during the quarter. AutoCanada had a negative net margin of 0.82% and a negative return on equity of 9.79%. On average, equities research analysts expect that AutoCanada will post 2.4311927 earnings per share for the current fiscal year.

AutoCanada Company Profile

AutoCanada Inc operates car dealerships in Canada. The company offers new and used vehicles, spare parts, maintenance services, and customer financing. AutoCanada retails brands such as Chrysler, Dodge, Jeep, Ram, Cadillac, Chevrolet, Buick, GMC, Audi, Volkswagen, BMW, Mini, Infiniti, Nissan, Hyundai, Kia, Fiat, Mitsubishi, and Subaru. The majority of revenue is generated in the new-vehicles sales segment.