Shares of AutoCanada Inc. (TSE:ACQ) have been assigned an average rating of “Buy” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$55.00.
A number of equities analysts have issued reports on the stock. National Bankshares upgraded shares of AutoCanada from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$45.00 to C$64.00 in a research report on Friday, August 13th. Canaccord Genuity lifted their price target on shares of AutoCanada to C$60.00 and gave the stock a “buy” rating in a report on Wednesday, July 28th. National Bank Financial lifted their price target on shares of AutoCanada to C$64.00 and gave the stock an “outperform” rating in a report on Friday, August 13th. Scotiabank lifted their price target on shares of AutoCanada from C$55.00 to C$65.00 in a report on Friday, August 13th. Finally, CIBC reiterated a “neutral” rating and set a C$50.00 price target on shares of AutoCanada in a report on Friday, August 13th.
Shares of TSE ACQ traded up C$1.25 during midday trading on Thursday, hitting C$45.89. The company had a trading volume of 5,183 shares, compared to its average volume of 160,681. The company has a quick ratio of 0.39, a current ratio of 1.10 and a debt-to-equity ratio of 315.18. AutoCanada has a twelve month low of C$19.31 and a twelve month high of C$59.26. The business has a 50-day simple moving average of C$47.95 and a two-hundred day simple moving average of C$45.68. The firm has a market capitalization of C$1.23 billion and a price-to-earnings ratio of 10.96.
AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, and New Brunswick, Canada; and Illinois, the United States. 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, and vehicle protection and other after-market products.
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