AutoCanada Inc. (TSE:ACQ) Receives Average Rating of “Buy” from Analysts

Shares of AutoCanada Inc. (TSE:ACQ) have received a consensus rating of “Buy” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$33.71.

Several analysts recently commented on the company. Cibc World Mkts upgraded AutoCanada from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 25th. Canaccord Genuity Group boosted their price target on AutoCanada from C$24.00 to C$28.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. BMO Capital Markets upgraded AutoCanada from a “hold” rating to an “outperform” rating and boosted their price target for the stock from C$20.00 to C$40.00 in a research report on Thursday, August 14th. Royal Bank Of Canada dropped their target price on AutoCanada from C$27.00 to C$23.00 and set a “sector perform” rating for the company in a report on Friday, August 15th. Finally, Acumen Capital upped their target price on AutoCanada from C$30.50 to C$39.00 and gave the company a “speculative buy” rating in a report on Thursday, August 14th.

AutoCanada Stock Down 1.7%

Shares of ACQ opened at C$27.10 on Monday. The company has a debt-to-equity ratio of 451.54, a quick ratio of 0.25 and a current ratio of 1.03. AutoCanada has a one year low of C$14.03 and a one year high of C$35.48. The stock has a market capitalization of C$627.37 million, a price-to-earnings ratio of -33.46, a PEG ratio of 0.30 and a beta of 2.18. The stock has a 50 day moving average price of C$32.05 and a 200 day moving average price of C$24.79.

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.