AutoCanada (TSE:ACQ) Price Target Raised to C$24.00

AutoCanada (TSE:ACQ) had its target price increased by Royal Bank Of Canada from C$23.00 to C$24.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other research analysts also recently issued reports on the company. ATB Cormark Capital Markets decreased their price objective on AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a report on Tuesday, May 19th. Acumen Capital upped their price target on AutoCanada from C$25.00 to C$27.00 and gave the stock a “speculative buy” rating in a research report on Thursday, May 14th. BMO Capital Markets raised their price target on shares of AutoCanada from C$24.00 to C$27.00 in a research note on Friday, August 14th. Finally, National Bank Financial raised their price target on shares of AutoCanada from C$21.00 to C$23.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, AutoCanada has a consensus rating of “Hold” and an average price target of C$23.43.

AutoCanada Price Performance

ACQ stock opened at C$22.15 on Tuesday. The stock has a 50-day moving average price of C$22.75 and a two-hundred day moving average price of C$22.81. AutoCanada has a 1 year low of C$14.00 and a 1 year high of C$35.48. The stock has a market cap of C$510.14 million, a PE ratio of 17.44, a price-to-earnings-growth ratio of 0.30 and a beta of 1.67. The company has a current ratio of 1.05, a quick ratio of 0.25 and a debt-to-equity ratio of 418.22.

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.