AutoCanada Inc. (TSE:ACQ) Receives Average Rating of “Hold” from Brokerages

AutoCanada Inc. (TSE:ACQ) has received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$23.29.

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada boosted their price objective on AutoCanada from C$18.00 to C$23.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 26th. Acumen Capital increased their target price on AutoCanada from C$25.00 to C$27.00 and gave the company a “speculative buy” rating in a research report on Thursday, May 14th. BMO Capital Markets increased their target price on AutoCanada from C$24.00 to C$27.00 in a research report on Friday. ATB Cormark Capital Markets cut their price target on AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 19th. Finally, National Bank Financial upped their price objective on AutoCanada from C$21.00 to C$23.00 and gave the company a “sector perform” rating in a research note on Thursday.

AutoCanada Price Performance

ACQ stock opened at C$24.04 on Friday. The stock has a market cap of C$553.67 million, a price-to-earnings ratio of 18.93, a P/E/G ratio of 0.30 and a beta of 1.67. The company has a debt-to-equity ratio of 448.50, a current ratio of 1.07 and a quick ratio of 0.25. The company has a 50 day simple moving average of C$22.70 and a 200 day simple moving average of C$22.98. AutoCanada has a 1 year low of C$14.00 and a 1 year high of C$35.48.

AutoCanada (TSE:ACQ) last posted its earnings results on Wednesday, May 13th. The company reported C$0.21 earnings per share for the quarter. The firm had revenue of C$1.19 billion for the quarter. AutoCanada had a net margin of 0.51% and a return on equity of 5.29%. Research analysts anticipate that AutoCanada will post 2.4311927 EPS for the current fiscal year.

About AutoCanada

AutoCanada’s Canadian Dealership Operations include 64 franchised dealerships representing 23 automotive brands across eight provinces, as well as three independent used dealerships. The Company currently sells Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru, and Volkswagen vehicles. In 2024, AutoCanada’s Canadian dealerships sold approximately 85,000 new and used retail vehicles.