AutoCanada Inc. (TSE:ACQ) Given Consensus Rating of “Hold” by Brokerages

AutoCanada Inc. (TSE:ACQ – Get Free Report) has been assigned an average recommendation of “Hold” from the seven analysts that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$22.71.

Several analysts have recently commented on ACQ shares. Acumen Capital increased their target price on 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 decreased their target price on AutoCanada from C$36.00 to C$24.00 in a report on Friday, March 20th. Royal Bank Of Canada increased their target price on AutoCanada from C$18.00 to C$23.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 26th. Canaccord Genuity Group cut AutoCanada from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$42.00 to C$22.00 in a report on Thursday, March 19th. Finally, National Bank Financial decreased their target price on AutoCanada from C$24.00 to C$22.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 8th.

Get AutoCanada alerts:

Check Out Our Latest Stock Analysis on AutoCanada

AutoCanada Stock Performance

Shares of TSE ACQ opened at C$22.70 on Friday. The business has a fifty day simple moving average of C$22.11 and a 200 day simple moving average of C$23.22. The company has a current ratio of 1.07, a quick ratio of 0.25 and a debt-to-equity ratio of 448.50. The firm has a market capitalization of C$522.80 million, a price-to-earnings ratio of 21.83, a PEG ratio of 0.30 and a beta of 1.77. AutoCanada has a one year low of C$14.00 and a one year high of C$35.48.

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

AutoCanada Company Profile

(Get Free Report)

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.

Read More

• Five stocks we like better than AutoCanada
• Rocket Lab’s NASA Win Tests Key Support After Sharp Pullback
• AST SpaceMobile Just Nailed a Major Launch—So Why Is the Stock Crashing?
• Palantir’s Valuation Problem Just Met 2 New Growth Catalysts
• Xcel Energy Stock Offers Stability as Electricity Demand Builds

Receive News & Ratings for AutoCanada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoCanada and related companies with MarketBeat.com's FREE daily email newsletter.