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

AutoCanada Inc. (TSE:ACQ) has been given a consensus recommendation of “Hold” by the ten analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$19.44.

Several research analysts have commented on the stock. BMO Capital Markets lowered their price target on shares of AutoCanada from C$19.50 to C$19.00 in a report on Thursday, November 14th. CIBC lowered their target price on shares of AutoCanada from C$15.50 to C$15.00 in a research note on Friday, November 15th. National Bank Financial raised AutoCanada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, National Bankshares raised AutoCanada from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$17.00 to C$21.00 in a report on Thursday, November 14th.

AutoCanada Stock Performance

Shares of AutoCanada stock opened at C$17.31 on Tuesday. The business has a 50-day simple moving average of C$17.08 and a 200-day simple moving average of C$17.23. The company has a debt-to-equity ratio of 444.38, a quick ratio of 0.25 and a current ratio of 1.03. AutoCanada has a one year low of C$13.75 and a one year high of C$27.44. The company has a market cap of C$401.42 million, a PE ratio of -11.03, a P/E/G ratio of 0.30 and a beta of 2.54.

AutoCanada Company Profile

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.