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

AutoCanada Inc. (TSE:ACQGet Free Report) has been assigned an average rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$23.00.

ACQ has been the subject of a number of analyst reports. Canaccord Genuity Group cut their price target on AutoCanada from C$20.00 to C$18.00 and set a “hold” rating for the company in a report on Friday, May 3rd. Acumen Capital lowered shares of AutoCanada from a “speculative buy” rating to a “hold” rating and reduced their target price for the company from C$24.50 to C$21.50 in a report on Friday, May 3rd. CIBC lowered shares of AutoCanada from a “neutral” rating to an “underperform” rating and cut their price objective for the company from C$25.00 to C$18.00 in a research report on Friday, May 3rd. Royal Bank of Canada decreased their target price on shares of AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a research report on Friday, May 3rd. Finally, Atb Cap Markets downgraded AutoCanada from an “outperform” rating to a “sector perform” rating in a report on Friday, May 3rd.

Check Out Our Latest Stock Analysis on ACQ

AutoCanada Price Performance

Shares of TSE ACQ opened at C$19.91 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.25 and a debt-to-equity ratio of 408.35. The company’s 50-day moving average price is C$23.35 and its 200 day moving average price is C$21.98. AutoCanada has a 52 week low of C$16.60 and a 52 week high of C$27.54. The stock has a market cap of C$467.29 million, a price-to-earnings ratio of 12.14, a PEG ratio of 0.30 and a beta of 2.65.

AutoCanada (TSE:ACQGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported C$0.21 EPS for the quarter, missing the consensus estimate of C$0.40 by C($0.19). AutoCanada had a net margin of 0.64% and a return on equity of 8.15%. The business had revenue of C$1.42 billion during the quarter, compared to analyst estimates of C$1.49 billion. As a group, research analysts forecast that AutoCanada will post 1.7074165 earnings per share for the current fiscal year.

Insider Activity

In other news, insider EdgePoint Investment Group Inc. bought 1,200 shares of AutoCanada stock in a transaction that occurred on Monday, April 22nd. The shares were purchased at an average price of C$23.95 per share, for a total transaction of C$28,740.00. Insiders purchased 35,650 shares of company stock valued at $905,705 in the last ninety days. Company insiders own 4.73% of the company’s stock.

AutoCanada Company Profile

(Get Free Report

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.

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Analyst Recommendations for AutoCanada (TSE:ACQ)

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