AutoCanada Inc. (TSE:ACQ) Given Average Rating of “Moderate Buy” by Analysts

AutoCanada Inc. (TSE:ACQ) has been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$19.19.

A number of equities analysts have issued reports on ACQ shares. Canaccord Genuity Group increased their price target on AutoCanada from C$17.00 to C$22.00 and gave the stock a “strong-buy” rating in a report on Thursday, March 20th. Acumen Capital raised shares of AutoCanada from a “hold” rating to a “speculative buy” rating and increased their target price for the stock from C$20.00 to C$22.50 in a research note on Friday, March 21st. Cibc World Mkts upgraded shares of AutoCanada from a “strong sell” rating to a “hold” rating in a report on Thursday, May 15th. ATB Capital boosted their target price on AutoCanada from C$18.00 to C$18.50 and gave the company a “sector perform” rating in a research report on Thursday, March 27th. Finally, CIBC cut their price target on AutoCanada from C$17.00 to C$15.00 and set an “underperform” rating on the stock in a report on Thursday, March 20th.

AutoCanada Stock Down 2.2%

Shares of AutoCanada stock opened at C$20.35 on Friday. The stock’s 50-day moving average is C$16.52 and its 200 day moving average is C$17.38. AutoCanada has a one year low of C$13.75 and a one year high of C$22.37. The firm has a market cap of C$473.58 million, a price-to-earnings ratio of -9.39, a PEG ratio of 0.30 and a beta of 2.54. The company has a debt-to-equity ratio of 451.54, a current ratio of 1.03 and a quick ratio of 0.25.

About AutoCanada

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships and related business. 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, and extended service contracts; and vehicle protection, after-market products, and auction services.