AutoCanada (TSE:ACQ) Hits New 52-Week High at $13.76

AutoCanada Inc. (TSE:ACQ)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as C$13.76 and last traded at C$13.69, with a volume of 60377 shares. The stock had previously closed at C$13.38.

Several research analysts have recently weighed in on ACQ shares. AltaCorp Capital upgraded AutoCanada from a “sector perform” rating to an “outperform” rating in a research note on Sunday, August 11th. CIBC increased their price objective on AutoCanada from C$11.00 to C$12.00 in a research report on Monday, November 11th. Finally, Clarus Securities reiterated a “buy” rating on shares of AutoCanada in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of C$12.00.

The company has a market cap of $366.84 million and a P/E ratio of -9.74. The stock’s 50-day moving average is C$10.43 and its two-hundred day moving average is C$9.89. The company has a debt-to-equity ratio of 347.02, a current ratio of 1.07 and a quick ratio of 0.21.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 26th. This represents a $0.40 dividend on an annualized basis and a yield of 2.92%. AutoCanada’s dividend payout ratio is presently -28.33%.

AutoCanada Company Profile (TSE:ACQ)

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, and New Brunswick. 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, extended service contracts, vehicle protection products, and other after-market products.

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