AutoCanada Inc. (TSE:ACQ) Receives C$32.14 Consensus Target Price from Brokerages

Shares of AutoCanada Inc. (TSE:ACQ) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$32.14.

Several equities research analysts have commented on ACQ shares. CIBC dropped their price target on shares of AutoCanada from C$38.00 to C$33.00 in a research note on Monday, November 17th. Canaccord Genuity Group raised their target price on AutoCanada from C$34.00 to C$36.00 in a research report on Tuesday, November 4th. National Bankshares reduced their price target on AutoCanada from C$31.00 to C$29.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Finally, ATB Capital decreased their target price on shares of AutoCanada from C$30.00 to C$25.00 in a research report on Monday, November 17th.

AutoCanada Stock Performance

Shares of ACQ opened at C$23.93 on Friday. AutoCanada has a 1 year low of C$14.03 and a 1 year high of C$35.48. The company has a market cap of C$552.76 million, a price-to-earnings ratio of -59.83, a price-to-earnings-growth ratio of 0.30 and a beta of 2.09. The company has a debt-to-equity ratio of 451.54, a quick ratio of 0.25 and a current ratio of 1.03. The firm has a fifty day moving average of C$22.53 and a 200-day moving average of C$26.61.

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

About AutoCanada

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. The majority of revenue is generated in the new-vehicles sales segment.