Analysts Set AutoCanada Inc. (TSE:ACQ) Target Price at C$22.57

Shares of AutoCanada Inc. (TSE:ACQ) have received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$22.57.

A number of analysts recently weighed in on the stock. National Bank Financial reduced their target price on shares of AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a report on Monday, July 13th. BMO Capital Markets cut AutoCanada from an “outperform” rating to a “hold” rating and set a C$24.00 price target on the stock. in a report on Monday. ATB Cormark Capital Markets cut their price objective on AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 19th. Royal Bank Of Canada increased their price objective on AutoCanada from C$18.00 to C$23.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 26th. Finally, Acumen Capital raised 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.

AutoCanada Price Performance

Shares of AutoCanada stock opened at C$22.00 on Wednesday. AutoCanada has a 52 week low of C$14.00 and a 52 week high of C$35.48. The company has a current ratio of 1.07, a quick ratio of 0.25 and a debt-to-equity ratio of 448.50. The stock has a market cap of C$506.68 million, a PE ratio of 21.15, a price-to-earnings-growth ratio of 0.30 and a beta of 1.70. The company’s 50-day moving average price is C$22.15 and its two-hundred day moving average price is C$23.23.

AutoCanada (TSE:ACQ) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C$0.21 earnings per share for the quarter. The company had revenue of C$1.19 billion during the quarter. AutoCanada had a net margin of 0.51% and a return on equity of 5.29%. As a group, sell-side analysts anticipate that AutoCanada will post 2.4311927 EPS for the current fiscal year.

AutoCanada Company Profile

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.