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

AutoCanada Inc. (TSE:ACQ) has been assigned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$19.44.

Several equities research analysts recently issued reports on the stock. CIBC dropped their target price on shares of AutoCanada from C$15.50 to C$15.00 in a report on Friday, November 15th. National Bank Financial upgraded AutoCanada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. National Bankshares upgraded AutoCanada from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$17.00 to C$21.00 in a research report on Thursday, November 14th. Finally, BMO Capital Markets dropped their target price on AutoCanada from C$19.50 to C$19.00 in a research report on Thursday, November 14th.

AutoCanada Price Performance

ACQ opened at C$16.92 on Friday. The company’s 50-day simple moving average is C$17.55 and its two-hundred day simple moving average is C$17.03. AutoCanada has a 52-week low of C$13.75 and a 52-week high of C$27.44. The stock has a market capitalization of C$392.37 million, a P/E ratio of -10.78, a P/E/G ratio of 0.30 and a beta of 2.54. The company has a debt-to-equity ratio of 444.38, a quick ratio of 0.25 and a current ratio of 1.03.

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.