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

Shares of AutoCanada Inc. (TSE:ACQ) have earned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$34.04.

Several equities analysts recently issued reports on ACQ shares. National Bank Financial decreased their price objective on AutoCanada from C$31.00 to C$29.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Royal Bank Of Canada lowered their price objective on shares of AutoCanada from C$30.00 to C$29.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 6th. Canaccord Genuity Group upped their target price on shares of AutoCanada from C$36.00 to C$42.00 and gave the stock a “buy” rating in a research note on Monday, January 19th. ATB Cormark Capital Markets cut their price target on AutoCanada from C$30.00 to C$25.00 in a report on Monday, November 17th. Finally, Canadian Imperial Bank of Commerce lifted their target price on AutoCanada from C$30.00 to C$34.00 in a research report on Thursday, February 5th.

AutoCanada Trading Down 0.4%

Shares of TSE ACQ opened at C$26.58 on Friday. AutoCanada has a fifty-two week low of C$14.03 and a fifty-two week high of C$35.48. The firm has a market capitalization of C$613.97 million, a P/E ratio of -66.45, a P/E/G ratio of 0.30 and a beta of 2.08. The company has a debt-to-equity ratio of 451.54, a current ratio of 1.03 and a quick ratio of 0.25. The company’s 50 day simple moving average is C$25.28 and its 200 day simple moving average is C$27.19.

AutoCanada (TSE:ACQ) last released its earnings results on Thursday, November 13th. The company reported C$0.66 earnings per share for the quarter. The firm 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, analysts predict 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.