AutoCanada (TSE:ACQ) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

AutoCanada Inc. (TSE:ACQ) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$27.19 and traded as high as C$29.80. AutoCanada shares last traded at C$26.69, with a volume of 73,982 shares.

Analyst Ratings Changes

A number of research firms have weighed in on ACQ. ATB Capital cut their price objective on shares of AutoCanada from C$30.00 to C$25.00 in a report on Monday, November 17th. Acumen Capital lifted their price target on AutoCanada from C$35.50 to C$39.25 and gave the company a “speculative buy” rating in a research note on Tuesday, January 27th. Canadian Imperial Bank of Commerce upped their price target on AutoCanada from C$30.00 to C$34.00 in a report on Thursday, February 5th. Royal Bank Of Canada dropped their price objective on AutoCanada from C$30.00 to C$29.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 6th. Finally, National Bank Financial reduced their target price on AutoCanada from C$31.00 to C$29.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$34.04.

AutoCanada Price Performance

The company has a debt-to-equity ratio of 451.54, a quick ratio of 0.25 and a current ratio of 1.03. The stock has a market capitalization of C$616.51 million, a PE ratio of -66.73, a price-to-earnings-growth ratio of 0.30 and a beta of 2.08. The stock’s 50 day moving average is C$25.18 and its two-hundred day moving average is C$27.19.

AutoCanada (TSE:ACQ) last posted its quarterly earnings data on Thursday, November 13th. The company reported C$0.66 EPS for the quarter. AutoCanada had a negative return on equity of 9.79% and a negative net margin of 0.82%.The company had revenue of C$1.20 billion during the quarter. On average, equities analysts anticipate that AutoCanada Inc. will post 2.4311927 EPS for the current fiscal year.

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. The majority of revenue is generated in the new-vehicles sales segment.