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

AutoCanada Inc. (TSE:ACQ) has been assigned an average recommendation of “Hold” from the ten ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$19.56.

Several brokerages have weighed in on ACQ. BMO Capital Markets dropped their price target on AutoCanada from C$19.50 to C$19.00 in a research report on Thursday, November 14th. National Bank Financial upgraded AutoCanada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. CIBC lifted their price objective on AutoCanada from C$15.00 to C$16.00 and gave the company an “underperform” rating in a research report on Monday, January 13th. Finally, National Bankshares upgraded AutoCanada from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$17.00 to C$21.00 in a research report on Thursday, November 14th.

AutoCanada Price Performance

AutoCanada stock opened at C$17.92 on Friday. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 444.38. The firm has a market cap of C$415.56 million, a PE ratio of -11.41, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. The company’s 50 day moving average is C$17.87 and its two-hundred day moving average is C$16.93. AutoCanada has a 52-week low of C$13.75 and a 52-week 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.