AutoCanada Inc. (TSE:ACQ) Given Average Recommendation of “Hold” by Analysts

Shares of AutoCanada Inc. (TSE:ACQ) have earned an average recommendation of “Hold” from the eleven analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$19.40.

Several equities research analysts have recently weighed in on ACQ shares. BMO Capital Markets decreased their price objective on shares of AutoCanada from C$19.50 to C$19.00 in a research report on Thursday, November 14th. National Bank Financial upgraded shares of AutoCanada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. National Bankshares raised shares of AutoCanada from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$17.00 to C$21.00 in a research note on Thursday, November 14th. Canaccord Genuity Group increased their target price on shares of AutoCanada from C$15.00 to C$17.00 and gave the stock a “hold” rating in a research note on Tuesday, March 4th. Finally, CIBC increased their target price on shares of AutoCanada from C$16.00 to C$17.00 in a research note on Monday, February 10th.

AutoCanada Trading Up 0.1 %

ACQ opened at C$16.21 on Friday. AutoCanada has a twelve month low of C$13.75 and a twelve month high of C$27.44. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 451.54. The company has a fifty day moving average of C$18.17 and a 200-day moving average of C$16.97. The stock has a market cap of C$377.23 million, a PE ratio of -7.48, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54.

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.