AutoCanada Inc. (TSE:ACQ) Receives C$33.71 Consensus PT from Brokerages

Shares of AutoCanada Inc. (TSE:ACQ) have been assigned a consensus recommendation of “Buy” from the nine research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$33.71.

A number of brokerages have commented on ACQ. National Bankshares lifted their price target on AutoCanada from C$28.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Thursday, August 14th. Royal Bank Of Canada decreased their price target on 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. ATB Capital lifted their price target on AutoCanada from C$25.00 to C$32.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 14th. CIBC raised AutoCanada from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from C$32.50 to C$38.00 in a research note on Tuesday, August 26th. Finally, Acumen Capital lifted their price objective on AutoCanada from C$30.50 to C$39.00 and gave the stock a “speculative buy” rating in a research report on Thursday, August 14th.

AutoCanada Price Performance

Shares of AutoCanada stock opened at C$27.10 on Monday. 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’s 50 day simple moving average is C$32.05 and its two-hundred day simple moving average is C$24.92. The stock has a market capitalization of C$627.37 million, a P/E ratio of -33.46, a price-to-earnings-growth ratio of 0.30 and a beta of 2.18. AutoCanada has a one year low of C$14.03 and a one year high of C$35.48.

About AutoCanada

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.