Brokerages Set AutoCanada Inc. (TSE:ACQ) PT at C$32.14

Shares of AutoCanada Inc. (TSE:ACQ) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$32.14.

ACQ has been the subject of several analyst reports. National Bankshares dropped their target price on shares of 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. ATB Capital decreased their price objective on shares of AutoCanada from C$30.00 to C$25.00 in a research note on Monday, November 17th. Canaccord Genuity Group boosted their price objective on shares of AutoCanada from C$34.00 to C$36.00 in a research report on Tuesday, November 4th. Finally, CIBC cut their target price on AutoCanada from C$38.00 to C$33.00 in a research note on Monday, November 17th.

AutoCanada Stock Performance

ACQ opened at C$23.76 on Friday. The company has a debt-to-equity ratio of 451.54, a quick ratio of 0.25 and a current ratio of 1.03. AutoCanada has a 52-week low of C$14.03 and a 52-week high of C$35.48. The firm has a market cap of C$548.83 million, a P/E ratio of -59.40, a price-to-earnings-growth ratio of 0.30 and a beta of 2.09. The business’s fifty day moving average is C$22.82 and its 200-day moving average is C$26.62.

AutoCanada (TSE:ACQ) last posted its quarterly earnings results on Thursday, November 13th. The company reported C$0.66 EPS for the quarter. AutoCanada had a negative return on equity of 9.79% and a negative net margin of 0.82%.The business had revenue of C$1.20 billion during the quarter. Sell-side analysts expect that AutoCanada will post 2.4311927 EPS for the current fiscal 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.