AutoCanada (TSE:ACQ) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

AutoCanada (TSE:ACQ) had its price objective lifted by Canaccord Genuity Group from C$36.00 to C$42.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 58.61% from the company’s current price.

A number of other research analysts have also commented on ACQ. CIBC reduced their price target 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. National Bankshares decreased their target price on AutoCanada from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. ATB Capital cut their price objective on AutoCanada from C$30.00 to C$25.00 in a report on Monday, November 17th. Finally, Royal Bank Of Canada lowered their target price on shares of AutoCanada from C$30.00 to C$29.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$33.43.

AutoCanada Trading Up 4.4%

TSE ACQ opened at C$26.48 on Monday. 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 business has a fifty day simple moving average of C$22.53 and a 200 day simple moving average of C$26.94. AutoCanada has a 12 month low of C$14.03 and a 12 month high of C$35.48. 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.

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

About AutoCanada

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.