AutoCanada Inc. (TSE:ACQ) Given Consensus Recommendation of “Hold” by Analysts

Shares of AutoCanada Inc. (TSE:ACQ) have earned a consensus recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$22.57.

A number of research firms have recently issued reports on ACQ. Canadian Imperial Bank of Commerce downgraded shares of AutoCanada from an “outperform” rating to a “hold” rating and dropped their price objective for the stock from C$34.00 to C$20.00 in a report on Friday, March 20th. Acumen Capital raised their price target on AutoCanada from C$25.00 to C$27.00 and gave the company a “speculative buy” rating in a research report on Thursday, May 14th. ATB Cormark Capital Markets lowered their price target on AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 19th. Royal Bank Of Canada lifted their price target on AutoCanada from C$18.00 to C$23.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 26th. Finally, National Bank Financial cut their price objective on AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a report on Monday.

AutoCanada Trading Down 1.1%

Shares of AutoCanada stock opened at C$22.34 on Wednesday. The company has a debt-to-equity ratio of 448.50, a current ratio of 1.07 and a quick ratio of 0.25. AutoCanada has a 1 year low of C$14.00 and a 1 year high of C$35.48. The firm has a market cap of C$514.51 million, a PE ratio of 21.48, a PEG ratio of 0.30 and a beta of 1.70. The company has a 50 day simple moving average of C$22.14 and a two-hundred day simple moving average of C$23.27.

AutoCanada (TSE:ACQ) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C$0.21 EPS for the quarter. The firm had revenue of C$1.19 billion for the quarter. AutoCanada had a net margin of 0.51% and a return on equity of 5.29%. Analysts expect that AutoCanada will post 2.4311927 earnings per share for the current fiscal year.

AutoCanada Company Profile

AutoCanada’s Canadian Dealership Operations include 64 franchised dealerships representing 23 automotive brands across eight provinces, as well as three independent used dealerships. The Company currently sells Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru, and Volkswagen vehicles. In 2024, AutoCanada’s Canadian dealerships sold approximately 85,000 new and used retail vehicles.