AutoCanada (TSE:ACQ) Price Target Raised to C$27.00 at BMO Capital Markets

AutoCanada (TSE:ACQ) had its price objective boosted by BMO Capital Markets from C$24.00 to C$27.00 in a report issued on Friday morning,BayStreet.CA reports.

Several other research firms have also recently weighed in on ACQ. Acumen Capital boosted their target price on AutoCanada from C$25.00 to C$27.00 and gave the stock a “speculative buy” rating in a research note on Thursday, May 14th. ATB Cormark Capital Markets reduced their target price on shares of AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a report on Tuesday, May 19th. National Bank Financial increased their target price on shares of AutoCanada from C$21.00 to C$23.00 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, Royal Bank Of Canada raised their price target on AutoCanada from C$18.00 to C$23.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$23.29.

AutoCanada Price Performance

ACQ opened at C$24.04 on Friday. The stock’s 50-day moving average price is C$22.70 and its 200 day moving average price is C$22.98. AutoCanada has a 12-month low of C$14.00 and a 12-month high of C$35.48. The firm has a market cap of C$553.67 million, a price-to-earnings ratio of 18.93, a PEG ratio of 0.30 and a beta of 1.67. The company has a current ratio of 1.07, a quick ratio of 0.25 and a debt-to-equity ratio of 448.50.

AutoCanada (TSE:ACQ) last released its earnings results on Wednesday, May 13th. The company reported C$0.21 earnings per share for the quarter. The company had revenue of C$1.19 billion during the quarter. AutoCanada had a return on equity of 5.29% and a net margin of 0.51%. As a group, sell-side analysts expect that AutoCanada will post 2.4311927 earnings per share for the current year.

About AutoCanada

AutoCanada’s Canadian Dealership Operations include 64 franchised dealerships representing 23 automotive brands across eight provinces, as well as three independent used dealerships. The Company currently sells Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru, and Volkswagen vehicles. In 2024, AutoCanada’s Canadian dealerships sold approximately 85,000 new and used retail vehicles.