ATB Capital Increases AutoCanada (TSE:ACQ) Price Target to C$18.50

AutoCanada (TSE:ACQ) had its price objective raised by ATB Capital from C$18.00 to C$18.50 in a research note issued to investors on Thursday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other brokerages have also weighed in on ACQ. Canaccord Genuity Group raised their target price on AutoCanada from C$17.00 to C$22.00 and gave the company a “strong-buy” rating in a research note on Thursday, March 20th. Acumen Capital upgraded shares of AutoCanada from a “hold” rating to a “speculative buy” rating and raised their price objective for the company from C$20.00 to C$22.50 in a research report on Friday, March 21st. Finally, CIBC reduced their target price on shares of AutoCanada from C$17.00 to C$15.00 and set an “underperform” rating on the stock in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$19.83.

AutoCanada Trading Down 3.1 %

ACQ stock opened at C$16.12 on Thursday. The business has a fifty day moving average price of C$17.90 and a 200 day moving average price of C$17.17. 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 fifty-two week low of C$13.75 and a fifty-two week high of C$26.88. The stock has a market capitalization of C$375.14 million, a price-to-earnings ratio of -7.44, a P/E/G 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.