AutoCanada (TSE:ACQ) Upgraded at Acumen Capital

Acumen Capital upgraded shares of AutoCanada (TSE:ACQ) from a hold rating to a speculative buy rating in a research report released on Friday,BayStreet.CA reports. Acumen Capital currently has C$22.50 price objective on the stock, up from their previous price objective of C$20.00.

A number of other equities research analysts also recently issued reports on ACQ. CIBC lowered their price target on shares of AutoCanada from C$17.00 to C$15.00 and set an “underperform” rating on the stock in a report on Thursday. Canaccord Genuity Group raised their price objective on AutoCanada from C$17.00 to C$22.00 in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, AutoCanada presently has a consensus rating of “Hold” and a consensus target price of C$19.98.

AutoCanada Stock Down 3.2 %

Shares of TSE ACQ opened at C$17.52 on Friday. The business’s fifty day moving average price is C$17.93 and its 200-day moving average price is C$17.10. The stock has a market capitalization of C$407.72 million, a PE ratio of -8.08, a P/E/G ratio of 0.30 and a beta of 2.54. AutoCanada has a one year low of C$13.75 and a one year high of C$27.44. 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.