AutoCanada Inc. (TSE:ACQ) Receives C$33.14 Consensus PT from Brokerages

Shares of AutoCanada Inc. (TSE:ACQ) have earned an average rating of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$33.14.

Several equities research analysts have recently issued reports on ACQ shares. BMO Capital Markets raised AutoCanada from a “hold” rating to an “outperform” rating and lifted their target price for the stock from C$20.00 to C$40.00 in a report on Thursday, August 14th. CIBC cut their price target on AutoCanada from C$38.00 to C$33.00 in a report on Monday, November 17th. National Bankshares lifted their price objective on AutoCanada from C$28.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Thursday, August 14th. Cibc World Mkts upgraded AutoCanada from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 25th. Finally, Acumen Capital raised their target price on shares of AutoCanada from C$30.50 to C$39.00 and gave the company a “speculative buy” rating in a report on Thursday, August 14th.

AutoCanada Trading Up 4.4%

Shares of TSE:ACQ opened at C$21.08 on Tuesday. The stock has a 50 day moving average of C$25.34 and a 200 day moving average of C$26.46. The company has a market cap of C$486.93 million, a PE ratio of -52.70, a price-to-earnings-growth ratio of 0.30 and a beta of 2.37. AutoCanada has a 12-month low of C$14.03 and a 12-month high of C$35.48. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 451.54.

AutoCanada (TSE:ACQ) last released its earnings results on Thursday, November 13th. The company reported C$0.66 EPS for the quarter. AutoCanada had a negative net margin of 0.82% and a negative return on equity of 9.79%. The company had revenue of C$1.20 billion for the quarter. As a group, equities research analysts expect that AutoCanada will post 2.4311927 EPS for the current year.

AutoCanada Company Profile

AutoCanada Inc operates car dealerships in Canada. The company offers new and used vehicles, spare parts, maintenance services, and customer financing. AutoCanada retails brands such as Chrysler, Dodge, Jeep, Ram, Cadillac, Chevrolet, Buick, GMC, Audi, Volkswagen, BMW, Mini, Infiniti, Nissan, Hyundai, Kia, Fiat, Mitsubishi, and Subaru.