AutoCanada Inc. (TSE:ACQ) Receives Average Rating of “Hold” from Analysts

AutoCanada Inc. (TSE:ACQ) has earned a consensus rating of “Hold” from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$19.44.

A number of analysts have issued reports on the stock. Canaccord Genuity Group reduced their price target on shares of AutoCanada from C$18.00 to C$15.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. ATB Capital cut their target price on AutoCanada from C$25.00 to C$20.00 in a research report on Wednesday, August 14th. National Bankshares raised shares of AutoCanada from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$17.00 to C$21.00 in a research note on Thursday, November 14th. Cormark lowered their target price on shares of AutoCanada from C$25.50 to C$21.75 in a report on Wednesday, August 14th. Finally, Acumen Capital cut their price target on shares of AutoCanada from C$21.50 to C$19.75 in a report on Thursday, August 15th.

AutoCanada Stock Performance

The company has a debt-to-equity ratio of 444.38, a current ratio of 1.03 and a quick ratio of 0.25. AutoCanada has a 12-month low of C$13.75 and a 12-month high of C$27.44. The company has a market capitalization of C$435.97 million, a price-to-earnings ratio of -11.97, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. The firm’s 50-day simple moving average is C$15.80 and its 200 day simple moving average is C$17.63.

Insiders Place Their Bets

In other news, insider EdgePoint Investment Group Inc. purchased 37,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was acquired at an average price of C$14.98 per share, with a total value of C$554,400.60. In the last three months, insiders bought 111,900 shares of company stock worth $1,670,917. Corporate insiders own 4.90% of the company’s stock.

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.