AutoCanada Inc. (TSE:ACQ) Receives C$23.89 Average Price Target from Analysts

AutoCanada Inc. (TSE:ACQ) has earned an average rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$23.89.

Several analysts recently issued reports on the stock. BMO Capital Markets reduced their price objective on shares of AutoCanada from C$36.00 to C$24.00 in a report on Friday, March 20th. Acumen Capital boosted their price objective on shares of AutoCanada from C$35.50 to C$39.25 and gave the company a “speculative buy” rating in a report on Tuesday, January 27th. Royal Bank Of Canada reduced their price objective on shares of AutoCanada from C$28.00 to C$18.00 in a report on Thursday, March 19th. Canadian Imperial Bank of Commerce lowered shares of AutoCanada from an “outperform” rating to a “hold” rating and reduced their price objective for the company from C$34.00 to C$20.00 in a report on Friday, March 20th. Finally, National Bank Financial reduced their price objective on shares of AutoCanada from C$24.00 to C$22.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 8th.

AutoCanada Stock Down 1.6%

TSE ACQ opened at C$22.31 on Friday. AutoCanada has a 52 week low of C$14.00 and a 52 week high of C$35.48. The company has a quick ratio of 0.25, a current ratio of 1.07 and a debt-to-equity ratio of 409.72. The business’s fifty day simple moving average is C$21.69 and its 200-day simple moving average is C$23.58. The firm has a market cap of C$513.51 million, a PE ratio of 33.80, a P/E/G ratio of 0.30 and a beta of 1.85.

AutoCanada (TSE:ACQ) last posted its quarterly earnings results on Wednesday, March 18th. The company reported C($0.06) EPS for the quarter. AutoCanada had a return on equity of 3.40% and a net margin of 0.33%.The company had revenue of C$1.12 billion for the quarter. As a group, equities analysts anticipate that AutoCanada will post 2.4311927 earnings per share for the current year.

AutoCanada Company Profile

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.