AutoCanada Inc. (TSE:ACQ) Receives Average Recommendation of “Hold” from Brokerages

AutoCanada Inc. (TSE:ACQ) has been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$22.71.

ACQ has been the topic of a number of analyst reports. ATB Cormark Capital Markets reduced their price objective 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. National Bank Financial dropped their target price on shares of AutoCanada from C$24.00 to C$22.00 and set a “sector perform” rating for the company in a report on Wednesday, April 8th. Royal Bank Of Canada increased their target price on shares of AutoCanada from C$18.00 to C$23.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 26th. BMO Capital Markets dropped their target price on shares of AutoCanada from C$36.00 to C$24.00 in a report on Friday, March 20th. Finally, Canaccord Genuity Group cut shares of AutoCanada from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$42.00 to C$22.00 in a report on Thursday, March 19th.

AutoCanada Trading Up 1.1%

Shares of AutoCanada stock opened at C$22.26 on Friday. The company has a market capitalization of C$512.67 million, a price-to-earnings ratio of 21.40, a PEG ratio of 0.30 and a beta of 1.77. The company has a quick ratio of 0.25, a current ratio of 1.07 and a debt-to-equity ratio of 448.50. AutoCanada has a 12-month low of C$14.00 and a 12-month high of C$35.48. The firm’s 50-day moving average price is C$21.95 and its two-hundred day moving average price is C$23.16.

AutoCanada (TSE:ACQ) last announced its quarterly earnings data 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%. On average, analysts forecast that AutoCanada will post 2.4311927 earnings per share for the current fiscal 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.