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

AutoCanada Inc. (TSE:ACQGet Free Report) has been assigned a consensus rating of “Hold” from the seven analysts that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$27.65.

A number of analysts have issued reports on ACQ shares. CIBC cut their price target on shares of AutoCanada from C$22.50 to C$22.00 and set a “neutral” rating on the stock in a research note on Friday, March 8th. National Bankshares cut their price target on shares of AutoCanada from C$24.50 to C$22.00 and set a “sector perform” rating on the stock in a research note on Friday, March 8th. Cormark set a C$35.00 price target on shares of AutoCanada in a research note on Tuesday, March 19th. Canaccord Genuity Group cut their price target on shares of AutoCanada from C$22.00 to C$20.00 and set a “hold” rating on the stock in a research note on Friday, March 8th. Finally, Acumen Capital cut their price target on shares of AutoCanada from C$33.00 to C$24.50 and set a “speculative buy” rating on the stock in a research note on Friday, March 8th.

Read Our Latest Analysis on ACQ

AutoCanada Trading Up 0.2 %

TSE ACQ opened at C$23.83 on Thursday. The firm’s 50-day moving average is C$23.36 and its two-hundred day moving average is C$22.49. AutoCanada has a 12 month low of C$15.14 and a 12 month high of C$27.54. The company has a debt-to-equity ratio of 396.08, a current ratio of 1.04 and a quick ratio of 0.25. The stock has a market capitalization of C$562.63 million, a P/E ratio of 11.57, a PEG ratio of 0.30 and a beta of 2.60.

AutoCanada (TSE:ACQGet Free Report) last posted its earnings results on Thursday, March 7th. The company reported C$0.69 EPS for the quarter, beating analysts’ consensus estimates of C$0.56 by C$0.13. AutoCanada had a net margin of 0.78% and a return on equity of 10.23%. The company had revenue of C$1.48 billion for the quarter, compared to analysts’ expectations of C$1.43 billion. On average, sell-side analysts anticipate that AutoCanada will post 3.0424469 earnings per share for the current year.

Insider Buying and Selling

In other news, insider EdgePoint Investment Group Inc. bought 21,200 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were purchased at an average cost of C$26.64 per share, for a total transaction of C$564,865.52. Insiders own 4.70% of the company’s stock.

AutoCanada Company Profile

(Get Free Report

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.

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Analyst Recommendations for AutoCanada (TSE:ACQ)

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