AutoCanada (TSE:ACQ) Price Target Raised to C$27.00 at BMO Capital Markets

AutoCanada (TSE:ACQ) had its price objective boosted by equities research analysts at BMO Capital Markets from C$24.00 to C$27.00 in a report released on Friday,BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 11.48% from the company’s current price.

ACQ has been the topic of several other reports. Royal Bank Of Canada boosted their target price on AutoCanada from C$18.00 to C$23.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 26th. Acumen Capital increased their price target on AutoCanada from C$25.00 to C$27.00 and gave the stock a “speculative buy” rating in a research note on Thursday, May 14th. National Bank Financial boosted their price objective on AutoCanada from C$21.00 to C$23.00 and gave the company a “sector perform” rating in a research note on Thursday. Finally, ATB Cormark Capital Markets dropped their price objective 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. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$23.29.

AutoCanada Stock Performance

Shares of ACQ stock traded down C$0.16 during trading hours on Friday, hitting C$24.22. 54,414 shares of the company were exchanged, compared to its average volume of 56,268. The firm has a fifty day simple moving average of C$22.65 and a 200 day simple moving average of C$22.97. The company has a current ratio of 1.07, a quick ratio of 0.25 and a debt-to-equity ratio of 448.50. AutoCanada has a 52-week low of C$14.00 and a 52-week high of C$35.48. The stock has a market capitalization of C$557.81 million, a price-to-earnings ratio of 23.29, a P/E/G ratio of 0.30 and a beta of 1.67.

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

AutoCanada Company Profile

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.