AutoCanada Inc. (TSE:ACQ) Receives C$34.57 Average Price Target from Analysts

AutoCanada Inc. (TSE:ACQ) has received a consensus rating of “Buy” from the nine research firms that are presently covering the firm, MarketBeat 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 1 year price target among brokerages that have covered the stock in the last year is C$34.57.

A number of research analysts have weighed in on the company. CIBC upgraded AutoCanada from a “neutral” rating to an “outperform” rating and raised their price target for the company from C$32.50 to C$38.00 in a research note on Tuesday, August 26th. BMO Capital Markets raised shares of AutoCanada from a “hold” rating to an “outperform” rating and raised their target price for the company from C$20.00 to C$40.00 in a research note on Thursday, August 14th. ATB Capital lowered their target price on shares of AutoCanada from C$32.00 to C$30.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. Cibc World Mkts upgraded shares of AutoCanada from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 25th. Finally, Acumen Capital lifted their price objective on shares of AutoCanada from C$30.50 to C$39.00 and gave the company a “speculative buy” rating in a research report on Thursday, August 14th.

AutoCanada Trading Down 2.2%

Shares of TSE:ACQ opened at C$23.97 on Friday. The company’s 50-day moving average price is C$30.40 and its two-hundred day moving average price is C$26.09. AutoCanada has a one year low of C$14.03 and a one 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 stock has a market capitalization of C$554.91 million, a PE ratio of -29.59, a price-to-earnings-growth ratio of 0.30 and a beta of 2.37.

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.