AutoCanada Inc. (TSE:ACQ) Receives Average Recommendation of “Buy” from Analysts

AutoCanada Inc. (TSE:ACQ) has been given a consensus recommendation of “Buy” by the seven research firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$12.80.

Several equities analysts have commented on the company. AltaCorp Capital upgraded AutoCanada from a “sector perform” rating to an “outperform” rating in a report on Sunday, August 11th. Clarus Securities reiterated a “buy” rating on shares of AutoCanada in a report on Friday, August 9th.

ACQ traded up C$0.29 during midday trading on Friday, hitting C$8.21. 72,101 shares of the company’s stock traded hands, compared to its average volume of 106,512. The company has a market cap of $220.71 million and a PE ratio of -4.29. The stock’s fifty day simple moving average is C$8.22 and its 200-day simple moving average is C$10.12. The company has a debt-to-equity ratio of 352.13, a current ratio of 1.09 and a quick ratio of 0.19. AutoCanada has a one year low of C$7.33 and a one year high of C$13.34.

AutoCanada (TSE:ACQ) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.34 earnings per share for the quarter, beating the consensus estimate of C$0.28 by C$0.06. The business had revenue of C$945.77 million for the quarter, compared to the consensus estimate of C$914.78 million. On average, research analysts expect that AutoCanada will post 1.36 EPS for the current year.

In related news, Director Dennis Stephan Desrosiers purchased 10,000 shares of the stock in a transaction on Tuesday, August 13th. The shares were bought at an average price of C$9.72 per share, for a total transaction of C$97,239.00. Following the completion of the acquisition, the director now directly owns 24,500 shares in the company, valued at approximately C$238,235.55.

About AutoCanada

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, and New Brunswick. 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, vehicle protection products, and other after-market products.

Further Reading: How Do You Calculate Return on Equity (ROE)?

Analyst Recommendations for AutoCanada (TSE:ACQ)

Receive News & Ratings for AutoCanada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoCanada and related companies with's FREE daily email newsletter.