Brokerages Set AutoCanada Inc. (TSE:ACQ) Target Price at C$22.57

AutoCanada Inc. (TSE:ACQ – Get Free Report) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$22.57.

Several equities research analysts have recently weighed in on the company. ATB Cormark Capital Markets cut their target price on AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 19th. Royal Bank Of Canada increased their price target on shares of AutoCanada from C$18.00 to C$23.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 26th. Acumen Capital raised their price objective on shares of AutoCanada from C$25.00 to C$27.00 and gave the stock a “speculative buy” rating in a report on Thursday, May 14th. BMO Capital Markets cut shares of AutoCanada from an “outperform” rating to a “hold” rating and set a C$24.00 price objective on the stock. in a report on Monday, July 20th. Finally, National Bank Financial reduced their price objective on shares of AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a research report on Monday, July 13th.

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AutoCanada Stock Up 1.3%

AutoCanada stock opened at C$22.29 on Friday. The stock has a market cap of C$513.36 million, a PE ratio of 21.43, a P/E/G ratio of 0.30 and a beta of 1.67. The company has a debt-to-equity ratio of 448.50, a current ratio of 1.07 and a quick ratio of 0.25. The stock’s fifty day moving average is C$22.57 and its two-hundred day moving average is C$23.02. AutoCanada has a 1-year low of C$14.00 and a 1-year high of C$35.48.

AutoCanada (TSE:ACQ – Get Free Report) last released its quarterly earnings data on Wednesday, May 13th. The company reported C$0.21 earnings per share (EPS) for the quarter. AutoCanada had a return on equity of 5.29% and a net margin of 0.51%.The business had revenue of C$1.19 billion during the quarter. On average, sell-side analysts expect that AutoCanada will post 2.4311927 EPS for the current fiscal year.

AutoCanada Company Profile

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AutoCanada’s Canadian Dealership Operations include 64 franchised dealerships representing 23 automotive brands across eight provinces, as well as three independent used dealerships. The Company currently sells Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru, and Volkswagen vehicles. In 2024, AutoCanada’s Canadian dealerships sold approximately 85,000 new and used retail vehicles.

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