ATB Capital Cuts AutoCanada (TSE:ACQ) Price Target to C$25.00

AutoCanada (TSE:ACQ) had its target price reduced by ATB Capital from C$30.00 to C$25.00 in a research report sent to investors on Monday,BayStreet.CA reports.

Several other research firms also recently weighed in on ACQ. Royal Bank Of Canada reduced their price objective on shares of AutoCanada from C$27.00 to C$23.00 and set a “sector perform” rating for the company in a report on Friday, August 15th. Cibc World Mkts raised shares of AutoCanada from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 25th. BMO Capital Markets upgraded shares of AutoCanada from a “hold” rating to an “outperform” rating and increased their price objective for the company from C$20.00 to C$40.00 in a report on Thursday, August 14th. Canaccord Genuity Group raised their price objective on shares of AutoCanada from C$34.00 to C$36.00 in a research note on Tuesday, November 4th. Finally, Acumen Capital upped their target price on AutoCanada from C$30.50 to C$39.00 and gave the stock a “speculative buy” rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$33.14.

AutoCanada Trading Up 5.6%

TSE:ACQ opened at C$20.80 on Monday. AutoCanada has a 1 year low of C$14.03 and a 1 year high of C$35.48. The stock has a market cap of C$481.52 million, a price-to-earnings ratio of -52.00, a PEG ratio of 0.30 and a beta of 2.37. The business has a fifty day moving average of C$28.35 and a 200-day moving average of C$26.32. The company has a debt-to-equity ratio of 451.54, a quick ratio of 0.25 and a current ratio of 1.03.

About AutoCanada

AutoCanada Inc operates car dealerships in Canada. The company offers new and used vehicles, spare parts, maintenance services, and customer financing. AutoCanada retails brands such as Chrysler, Dodge, Jeep, Ram, Cadillac, Chevrolet, Buick, GMC, Audi, Volkswagen, BMW, Mini, Infiniti, Nissan, Hyundai, Kia, Fiat, Mitsubishi, and Subaru.