Analysts Set AutoCanada Inc. (TSE:ACQ) Target Price at C$33.43

AutoCanada Inc. (TSE:ACQGet Free Report) has been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$33.43.

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

Check Out Our Latest Report on ACQ

AutoCanada Price Performance

TSE:ACQ opened at C$26.83 on Wednesday. The business’s 50-day moving average is C$22.88 and its 200 day moving average is C$27.04. AutoCanada has a 12 month low of C$14.03 and a 12 month high of C$35.48. The company has a market capitalization of C$619.75 million, a P/E ratio of -67.08, a P/E/G ratio of 0.30 and a beta of 2.04. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 451.54.

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

About AutoCanada

(Get Free Report)

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.

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Analyst Recommendations for AutoCanada (TSE:ACQ)

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