AutoCanada Inc. (TSE:ACQ) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of AutoCanada Inc. (TSE:ACQ) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is C$33.43.

Several equities analysts recently issued reports on the company. Canaccord Genuity Group lifted their price objective on AutoCanada from C$36.00 to C$42.00 and gave the stock a “buy” rating in a report on Monday. Royal Bank Of Canada cut their price target on AutoCanada from C$30.00 to C$29.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 6th. National Bankshares decreased their price objective on shares of AutoCanada from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. ATB Capital lowered their price objective on shares of AutoCanada from C$30.00 to C$25.00 in a research note on Monday, November 17th. Finally, CIBC cut their target price on shares of AutoCanada from C$33.00 to C$30.00 and set an “outperform” rating for the company in a research report on Monday, January 5th.

AutoCanada Trading Up 4.4%

Shares of ACQ opened at C$26.48 on Wednesday. AutoCanada has a twelve month low of C$14.03 and a twelve month high of C$35.48. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 451.54. The firm has a market capitalization of C$611.66 million, a P/E ratio of -66.20, a PEG ratio of 0.30 and a beta of 2.04. The firm’s 50-day moving average is C$22.53 and its two-hundred day moving average is C$26.94.

AutoCanada (TSE:ACQ) last announced its quarterly earnings results on Thursday, November 13th. The company reported C$0.66 EPS for the quarter. The business had revenue of C$1.20 billion for the quarter. AutoCanada had a negative return on equity of 9.79% and a negative net margin of 0.82%. On average, 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. The majority of revenue is generated in the new-vehicles sales segment.