AutoCanada Inc. (TSE:ACQ) Receives C$22.00 Average Price Target from Brokerages

Shares of AutoCanada Inc. (TSE:ACQ) have earned an average recommendation of “Hold” from the seven brokerages that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$22.71.

A number of equities analysts recently weighed in on the stock. ATB Cormark Capital Markets cut their price target on shares of AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 19th. Canaccord Genuity Group cut AutoCanada from a “buy” rating to a “hold” rating and decreased their price target for the company from C$42.00 to C$22.00 in a research report on Thursday, March 19th. Acumen Capital lifted their price objective on shares of AutoCanada from C$25.00 to C$27.00 and gave the stock a “speculative buy” rating in a report on Thursday, May 14th. Royal Bank Of Canada lifted their price objective on shares of AutoCanada from C$18.00 to C$23.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 26th. Finally, National Bank Financial reduced their price target on shares of AutoCanada from C$24.00 to C$22.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 8th.

AutoCanada Stock Performance

TSE ACQ opened at C$21.96 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.25 and a debt-to-equity ratio of 448.50. The company has a fifty day simple moving average of C$21.33 and a 200 day simple moving average of C$23.04. AutoCanada has a 12-month low of C$14.00 and a 12-month high of C$35.48. The company has a market cap of C$505.76 million, a P/E ratio of 21.12, a PEG ratio of 0.30 and a beta of 1.85.

AutoCanada (TSE:ACQ) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C$0.21 earnings per share for the quarter. The business had revenue of C$1.19 billion for the quarter. AutoCanada had a return on equity of 5.29% and a net margin of 0.51%. Sell-side analysts predict that AutoCanada will post 2.4311927 earnings per share 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.