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 ten brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$19.56.

ACQ has been the subject of several research analyst reports. National Bankshares upgraded shares of AutoCanada from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$17.00 to C$21.00 in a research report on Thursday, November 14th. BMO Capital Markets cut their target price on shares of AutoCanada from C$19.50 to C$19.00 in a research report on Thursday, November 14th. National Bank Financial upgraded AutoCanada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, CIBC raised their price objective on AutoCanada from C$15.00 to C$16.00 and gave the company an “underperform” rating in a report on Monday, January 13th.

AutoCanada Stock Performance

TSE:ACQ opened at C$18.39 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 444.38. The business’s 50-day moving average price is C$18.25 and its two-hundred day moving average price is C$16.91. The stock has a market cap of C$426.46 million, a P/E ratio of -11.71, a PEG ratio of 0.30 and a beta of 2.54. AutoCanada has a twelve month low of C$13.75 and a twelve month high of C$27.44.

AutoCanada Company Profile

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships and related business. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, and extended service contracts; and vehicle protection, after-market products, and auction services.