AutoCanada (TSE:ACQ) was upgraded by investment analysts at AltaCorp Capital from a “sector perform” rating to an “outperform” rating in a report issued on Sunday, Zacks.com reports.
A number of other equities analysts have also issued reports on the stock. CIBC reduced their target price on shares of AutoCanada from C$12.50 to C$11.00 in a research report on Monday, May 6th. Canaccord Genuity lowered shares of AutoCanada from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$14.00 to C$10.00 in a research report on Monday, May 6th. GMP Securities reiterated an “average” rating and set a C$16.00 target price on shares of AutoCanada in a research report on Wednesday, May 8th. Finally, Clarus Securities reiterated a “buy” rating on shares of AutoCanada in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of C$12.46.
Shares of ACQ stock opened at C$9.72 on Friday. AutoCanada has a 1 year low of C$8.36 and a 1 year high of C$13.92. The business’s 50 day moving average is C$10.05. The firm has a market capitalization of $268.96 million and a price-to-earnings ratio of -5.23. The company has a debt-to-equity ratio of 352.13, a current ratio of 1.09 and a quick ratio of 0.19.
AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, and New Brunswick. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, extended service contracts, vehicle protection products, and other after-market products.
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