AutoCanada Inc. (TSE:ACQ) Receives Average Recommendation of “Hold” from Brokerages

AutoCanada Inc. (TSE:ACQ) has received a consensus recommendation of “Hold” from the ten brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$19.67.

Several analysts recently weighed in on ACQ shares. National Bank Financial raised AutoCanada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. CIBC raised their price objective on AutoCanada from C$16.00 to C$17.00 in a research note on Monday. BMO Capital Markets reduced their price objective on AutoCanada from C$19.50 to C$19.00 in a research note on Thursday, November 14th. Finally, National Bankshares upgraded AutoCanada from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$17.00 to C$21.00 in a research note on Thursday, November 14th.

AutoCanada Stock Performance

AutoCanada stock opened at C$18.54 on Wednesday. The stock has a market cap of C$429.94 million, a P/E ratio of -11.81, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 444.38. The stock has a 50 day moving average of C$18.24 and a 200-day moving average of C$16.91. AutoCanada has a 52 week low of C$13.75 and a 52 week high of C$27.44.

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.