AutoCanada Inc. (TSE:ACQ) Receives C$56.07 Consensus Price Target from Brokerages

AutoCanada Inc. (TSE:ACQ – Get Rating) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$56.07.

Several research firms have issued reports on ACQ. National Bank Financial cut AutoCanada from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Thursday, May 5th. CIBC dropped their price target on AutoCanada from C$45.00 to C$39.00 in a report on Friday, June 3rd. National Bankshares cut AutoCanada from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$52.00 to C$37.00 in a report on Friday, May 6th. Scotiabank upped their price target on AutoCanada from C$48.00 to C$50.00 in a report on Friday, May 6th. Finally, Cormark set a C$55.00 target price on shares of AutoCanada in a research note on Friday, March 4th.

TSE ACQ opened at C$23.21 on Tuesday. The stock has a market capitalization of C$606.57 million and a P/E ratio of 4.64. AutoCanada has a 1 year low of C$22.41 and a 1 year high of C$59.26. The business’s fifty day moving average is C$28.12 and its two-hundred day moving average is C$32.97. The company has a debt-to-equity ratio of 377.63, a quick ratio of 0.23 and a current ratio of 1.04.

AutoCanada (TSE:ACQ – Get Rating) last posted its quarterly earnings results on Wednesday, May 4th. The company reported C$0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.76 by C$0.06. The company had revenue of C$1.34 billion during the quarter, compared to the consensus estimate of C$1.13 billion. On average, research analysts forecast that AutoCanada will post 5 earnings per share for the current year.

AutoCanada Company Profile (Get Rating)

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships. 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, extended service contracts, and vehicle protection and other after-market products.

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