Shares of AutoCanada Inc. (TSE:ACQ) have earned a consensus recommendation of “Hold” from the eight ratings firms that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$12.46.
Several brokerages have recently issued reports on ACQ. National Bank Financial lowered their price objective on shares of AutoCanada from C$12.50 to C$10.00 and set a “sector perform” rating for the company in a research note on Monday, March 18th. CIBC lowered their price objective on shares of AutoCanada from C$13.00 to C$12.50 in a research note on Tuesday, March 19th. GMP Securities reissued an “average” rating and set a C$16.00 price objective on shares of AutoCanada in a research note on Wednesday, May 8th. Finally, Canaccord Genuity cut shares of AutoCanada from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$14.00 to C$10.00 in a research note on Monday, May 6th.
ACQ stock opened at C$10.91 on Wednesday. The stock has a market cap of $300.96 million and a PE ratio of -3.43. The company has a debt-to-equity ratio of 361.91, a current ratio of 1.08 and a quick ratio of 0.20. AutoCanada has a one year low of C$8.36 and a one year high of C$17.05. The stock has a 50 day moving average price of C$11.28.
AutoCanada Company Profile
AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, and New Brunswick. 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, extended service contracts, vehicle protection products, and other after-market products.
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