AutoCanada (TSE:ACQ) Rating Lowered to Hold at BMO Capital Markets

AutoCanada (TSE:ACQ) was downgraded by research analysts at BMO Capital Markets from an “outperform” rating to a “hold” rating in a research report issued to clients and investors on Monday, MarketBeat.com reports. They presently have a C$24.00 price objective on the stock. BMO Capital Markets’ price target points to a potential upside of 9.09% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. ATB Cormark Capital Markets cut their target price on shares of AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 19th. Acumen Capital boosted their price objective on AutoCanada from C$25.00 to C$27.00 and gave the company a “speculative buy” rating in a report on Thursday, May 14th. Royal Bank Of Canada upped their price objective on AutoCanada from C$18.00 to C$23.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 26th. Finally, National Bank Financial reduced their target price on AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a report on Monday, July 13th. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, AutoCanada has an average rating of “Hold” and a consensus price target of C$22.57.

AutoCanada Stock Performance

TSE ACQ opened at C$22.00 on Monday. The business’s 50-day simple moving average is C$22.15 and its 200-day simple moving average is C$23.23. 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 capitalization of C$506.68 million, a P/E ratio of 21.15, a P/E/G ratio of 0.30 and a beta of 1.70.

AutoCanada (TSE:ACQ) last released its quarterly earnings results on Wednesday, May 13th. The company reported C$0.21 earnings per share (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%. Equities analysts predict that AutoCanada will post 2.4311927 EPS for the current year.

About AutoCanada

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.