AutoCanada Inc. (ACQ) Receives C$13.89 Consensus Target Price from Analysts

Shares of AutoCanada Inc. (TSE:ACQ) have been assigned an average recommendation of “Hold” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$13.89.

A number of research firms have weighed in on ACQ. GMP Securities reaffirmed an “average” rating and set a C$16.00 price target on shares of AutoCanada in a research report on Wednesday, May 8th. Canaccord Genuity downgraded AutoCanada from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$14.00 to C$10.00 in a research report on Monday, May 6th. CIBC reduced their price target on AutoCanada from C$12.50 to C$11.00 in a research report on Monday, May 6th. Finally, National Bank Financial reduced their price target on AutoCanada from C$12.50 to C$10.00 and set a “sector perform” rating for the company in a research report on Monday, March 18th.

AutoCanada stock opened at C$11.21 on Friday. The stock has a market cap of $300.96 million and a PE ratio of -3.53. AutoCanada has a 1 year low of C$8.36 and a 1 year high of C$18.00. 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 (TSE:ACQ) last issued its quarterly earnings data on Thursday, May 2nd. The company reported C($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.12 by C($0.24). The company had revenue of C$739.37 million during the quarter, compared to analyst estimates of C$727.37 million. Equities analysts forecast that AutoCanada will post 1.4099999 EPS 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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