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

AutoCanada Inc. (TSE:ACQ) has received an average recommendation of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$19.56.

A number of equities research analysts have issued reports on the stock. BMO Capital Markets decreased their price target on shares of AutoCanada from C$19.50 to C$19.00 in a report on Thursday, November 14th. CIBC increased their target price on AutoCanada from C$15.00 to C$16.00 and gave the company an “underperform” rating in a research note on Monday, January 13th. National Bankshares raised AutoCanada from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$17.00 to C$21.00 in a research report on Thursday, November 14th. Finally, National Bank Financial raised AutoCanada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th.

AutoCanada Price Performance

Shares of AutoCanada stock opened at C$18.43 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 444.38. The firm has a fifty day simple moving average of C$18.27 and a 200-day simple moving average of C$16.94. The stock has a market capitalization of C$427.39 million, a price-to-earnings ratio of -11.74, a PEG ratio of 0.30 and a beta of 2.54. AutoCanada has a 1-year low of C$13.75 and a 1-year high of C$27.44.

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.