Canaccord Genuity Increases AutoCanada Price Target to C$82.00 (ACQ)
Investment analysts at Canaccord Genuity boosted their price target on shares of AutoCanada (TSE:ACQ) from C$79.00 to C$82.00 in a note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price would indicate a potential upside of 11.59% from the stock’s previous close.
Shares of AutoCanada (TSE:ACQ) opened at 73.48 on Friday. AutoCanada has a 52-week low of $25.61 and a 52-week high of $74.00. The stock has a 50-day moving average of $66.23 and a 200-day moving average of $49.99. The company has a market cap of $1.593 billion and a price-to-earnings ratio of 38.66.
AutoCanada (TSE:ACQ) last released its earnings data on Monday, May 12th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.02. Analysts expect that AutoCanada will post $2.51 EPS for the current fiscal year.
ACQ has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of AutoCanada from C$71.00 to C$74.00 in a research note on Monday, May 12th. They now have a “sector perform” rating on the stock. Separately, analysts at Scotiabank reiterated a “sector outperform” rating on shares of AutoCanada in a research note on Wednesday, April 30th. They now have a C$78.00 price target on the stock.
AutoCanada Inc (TSE:ACQ) is a multi-location automobile dealership groups.
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