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

AutoCanada Inc. (TSE:ACQ) has been given a consensus rating of “Buy” by the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$33.71.

A number of research firms have recently weighed in on ACQ. Cibc World Mkts raised AutoCanada from a “hold” rating to a “strong-buy” rating in a report on Monday, August 25th. BMO Capital Markets upgraded AutoCanada from a “hold” rating to an “outperform” rating and lifted their price objective for the stock from C$20.00 to C$40.00 in a research report on Thursday, August 14th. CIBC upgraded shares of AutoCanada from a “neutral” rating to an “outperform” rating and upped their target price for the company from C$32.50 to C$38.00 in a report on Tuesday, August 26th. Royal Bank Of Canada decreased their price target on shares of AutoCanada from C$27.00 to C$23.00 and set a “sector perform” rating on the stock in a research note on Friday, August 15th. Finally, Canaccord Genuity Group lifted their price target on shares of AutoCanada from C$24.00 to C$28.00 and gave the stock a “buy” rating in a report on Monday, July 14th.

AutoCanada Trading Up 1.6%

Shares of AutoCanada stock opened at C$33.89 on Thursday. AutoCanada has a 1 year low of C$14.03 and a 1 year high of C$35.48. 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 business has a 50 day moving average price of C$31.12 and a 200 day moving average price of C$23.16. The company has a market capitalization of C$784.55 million, a P/E ratio of -41.84, a P/E/G ratio of 0.30 and a beta of 2.48.

AutoCanada Company Profile

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.