AutoCanada Inc. (TSE:ACQ) Given Average Rating of “Hold” by Analysts

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 (TSE:ACQ) last released its earnings results on Thursday, May 2nd. The company reported C($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.12 by C($0.24). The business had revenue of C$739.37 million for the quarter, compared to analysts’ expectations of C$727.37 million. On average, equities analysts anticipate that AutoCanada will post 1.37 earnings per share for the current year.

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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Analyst Recommendations for AutoCanada (TSE:ACQ)

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