AutoCanada (TSE:ACQ) Price Target Raised to C$24.00 at Royal Bank Of Canada

AutoCanada (TSE:ACQ – Get Free Report) had its price objective raised by equities research analysts at Royal Bank Of Canada from C$23.00 to C$24.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 4.62% from the company’s current price.

Other equities analysts have also issued reports about the stock. BMO Capital Markets boosted their price objective on shares of AutoCanada from C$24.00 to C$27.00 in a report on Friday. ATB Cormark Capital Markets dropped their price target on shares of AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 19th. National Bank Financial increased their target price on AutoCanada from C$21.00 to C$23.00 and gave the company a “sector perform” rating in a report on Thursday, August 13th. Finally, Acumen Capital upped their price objective on AutoCanada from C$25.00 to C$27.00 and gave the stock a “speculative buy” rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, AutoCanada has an average rating of “Hold” and an average target price of C$23.43.

Get AutoCanada alerts:

Check Out Our Latest Stock Analysis on ACQ

AutoCanada Stock Down 1.1%

TSE ACQ traded down C$0.26 during trading hours on Tuesday, reaching C$22.94. 33,426 shares of the company’s stock traded hands, compared to its average volume of 56,139. The company has a debt-to-equity ratio of 418.22, a current ratio of 1.05 and a quick ratio of 0.25. The firm has a 50-day simple moving average of C$22.74 and a 200 day simple moving average of C$22.92. AutoCanada has a 52-week low of C$14.00 and a 52-week high of C$35.48. The firm has a market cap of C$528.33 million, a PE ratio of 18.06, a PEG ratio of 0.30 and a beta of 1.67.

About AutoCanada

(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
• The AI Boom Is Turning This Cable Maker Into a Stock to Watch
• A Star Investor Just Trimmed Amazon—Here’s What It means
• Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
• Home Depot Analysts See a Path to $375 and Beyond

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.