AutoCanada Inc. (TSE:ACQ) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

AutoCanada Inc. (TSE:ACQ) has been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$34.04.

ACQ has been the subject of a number of research analyst reports. Acumen Capital boosted their target price on shares of AutoCanada from C$35.50 to C$39.25 and gave the stock a “speculative buy” rating in a research report on Tuesday, January 27th. Canaccord Genuity Group lifted their price objective on AutoCanada from C$36.00 to C$42.00 and gave the stock a “buy” rating in a research note on Monday, January 19th. ATB Cormark Capital Markets cut their price objective on AutoCanada from C$30.00 to C$25.00 in a research report on Monday, November 17th. Royal Bank Of Canada decreased their target price on AutoCanada from C$30.00 to C$29.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 6th. Finally, Canadian Imperial Bank of Commerce raised their target price on AutoCanada from C$30.00 to C$34.00 in a report on Thursday, February 5th.

AutoCanada Stock Down 0.9%

ACQ opened at C$27.99 on Friday. The firm has a market cap of C$646.54 million, a P/E ratio of -69.98, a price-to-earnings-growth ratio of 0.30 and a beta of 2.08. 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 business has a 50 day moving average price of C$25.90 and a 200 day moving average price of C$27.24. AutoCanada has a twelve month low of C$14.03 and a twelve month high of C$35.48.

AutoCanada (TSE:ACQ) last released its quarterly earnings results on Thursday, November 13th. The company reported C$0.66 EPS for the quarter. AutoCanada had a negative net margin of 0.82% and a negative return on equity of 9.79%. The company had revenue of C$1.20 billion for the quarter. Research analysts forecast that AutoCanada will post 2.4311927 EPS for the current 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.