AutoCanada Inc. (TSE:ACQ) Receives Consensus Rating of “Moderate Buy” from Analysts

AutoCanada Inc. (TSE:ACQ) has been assigned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$19.83.

A number of research firms have recently issued reports on ACQ. Canaccord Genuity Group increased their price target on AutoCanada from C$17.00 to C$22.00 and gave the stock a “strong-buy” rating in a research report on Thursday, March 20th. Acumen Capital raised AutoCanada from a “hold” rating to a “speculative buy” rating and upped their price target for the stock from C$20.00 to C$22.50 in a research report on Friday, March 21st. CIBC lowered their target price on shares of AutoCanada from C$17.00 to C$15.00 and set an “underperform” rating for the company in a research note on Thursday, March 20th. Finally, ATB Capital increased their price objective on AutoCanada from C$18.00 to C$18.50 and gave the company a “sector perform” rating in a report on Thursday, March 27th.

AutoCanada Price Performance

Shares of ACQ stock opened at C$16.31 on Thursday. AutoCanada has a one year low of C$13.75 and a one year high of C$26.88. The company has a market capitalization of C$379.56 million, a P/E ratio of -7.53, a P/E/G ratio of 0.30 and a beta of 2.54. The company’s 50-day simple moving average is C$17.87 and its two-hundred day simple moving average is C$17.20. The company has a debt-to-equity ratio of 451.54, a current ratio of 1.03 and a quick ratio of 0.25.

About AutoCanada

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.