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

Shares of AutoCanada Inc. (TSE:ACQ) have earned a consensus rating of “Hold” from the eleven ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given 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 issued ratings on the stock in the last year is C$19.40.

A number of brokerages have recently weighed in on ACQ. National Bank Financial raised AutoCanada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. BMO Capital Markets dropped their target price on AutoCanada from C$19.50 to C$19.00 in a research report on Thursday, November 14th. CIBC increased their price target on shares of AutoCanada from C$16.00 to C$17.00 in a research report on Monday, February 10th. Canaccord Genuity Group upped their target price on shares of AutoCanada from C$15.00 to C$17.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, National Bankshares raised shares of AutoCanada from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$17.00 to C$21.00 in a research report on Thursday, November 14th.

AutoCanada Stock Performance

AutoCanada stock opened at C$16.19 on Friday. The stock has a market cap of C$376.77 million, a price-to-earnings ratio of -7.47, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. The company has a debt-to-equity ratio of 451.54, a current ratio of 1.03 and a quick ratio of 0.25. The firm has a 50 day simple moving average of C$18.22 and a 200-day simple moving average of C$16.95. AutoCanada has a 1-year low of C$13.75 and a 1-year high of C$27.44.

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.