AutoCanada Inc. (TSE:ACQ) Given Average Rating of “Moderate Buy” by Analysts

Shares of AutoCanada Inc. (TSE:ACQ) have been given a consensus recommendation of “Moderate Buy” by the eight research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$33.14.

ACQ has been the topic of several research analyst reports. National Bankshares increased their price target on shares of AutoCanada from C$28.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Thursday, August 14th. ATB Capital reduced their target price on AutoCanada from C$30.00 to C$25.00 in a report on Monday, November 17th. Cibc World Mkts upgraded AutoCanada from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 25th. CIBC lowered their price target on AutoCanada from C$38.00 to C$33.00 in a report on Monday, November 17th. Finally, Acumen Capital raised their price target on shares of AutoCanada from C$30.50 to C$39.00 and gave the stock a “speculative buy” rating in a research report on Thursday, August 14th.

AutoCanada Trading Down 0.7%

TSE:ACQ opened at C$20.45 on Tuesday. The business’s 50-day moving average is C$26.11 and its two-hundred day moving average is C$26.54. The firm has a market capitalization of C$472.37 million, a PE ratio of -51.13, a price-to-earnings-growth ratio of 0.30 and a beta of 2.37. AutoCanada has a 12 month low of C$14.03 and a 12 month high of C$35.48. The company has a debt-to-equity ratio of 451.54, a current ratio of 1.03 and a quick ratio of 0.25.

AutoCanada (TSE:ACQ) last released its quarterly earnings results on Thursday, November 13th. The company reported C$0.66 earnings per share for the quarter. AutoCanada had a negative net margin of 0.82% and a negative return on equity of 9.79%. The business had revenue of C$1.20 billion during the quarter. Research analysts predict that AutoCanada will post 2.4311927 earnings per share for the current fiscal year.

AutoCanada Company Profile

AutoCanada Inc operates car dealerships in Canada. The company offers new and used vehicles, spare parts, maintenance services, and customer financing. AutoCanada retails brands such as Chrysler, Dodge, Jeep, Ram, Cadillac, Chevrolet, Buick, GMC, Audi, Volkswagen, BMW, Mini, Infiniti, Nissan, Hyundai, Kia, Fiat, Mitsubishi, and Subaru.