AutoCanada (TSE:ACQ) Stock Price Expected to Rise, Acumen Capital Analyst Says

AutoCanada (TSE:ACQ) had its price target upped by Acumen Capital from C$35.50 to C$39.25 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “speculative buy” rating on the stock. Acumen Capital’s target price would indicate a potential upside of 40.68% from the stock’s previous close.

Several other research analysts also recently commented on the stock. Canaccord Genuity Group lifted their target price on shares of AutoCanada from C$36.00 to C$42.00 and gave the stock a “buy” rating in a report on Monday, January 19th. National Bankshares dropped their price objective 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 research report on Monday, November 17th. CIBC lowered their target price on AutoCanada from C$33.00 to C$30.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Finally, Royal Bank Of Canada dropped their price target on AutoCanada from C$30.00 to C$29.00 and set a “sector perform” rating on the stock in a research report 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’s stock. According to MarketBeat.com, AutoCanada presently has a consensus rating of “Moderate Buy” and a consensus target price of C$33.46.

AutoCanada Stock Up 0.4%

ACQ opened at C$27.90 on Tuesday. The firm has a market cap of C$644.46 million, a P/E ratio of -69.75, a price-to-earnings-growth ratio of 0.30 and a beta of 2.04. The company has a debt-to-equity ratio of 451.54, a quick ratio of 0.25 and a current ratio of 1.03. The business has a 50 day moving average price of C$23.32 and a 200 day moving average price of C$27.08. AutoCanada has a twelve month low of C$14.03 and a twelve month high of C$35.48.

AutoCanada (TSE:ACQ) last announced 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 company had revenue of C$1.20 billion for the quarter. Research analysts forecast that AutoCanada will post 2.4311927 EPS for the current 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.