BMO Capital Markets Lowers AutoCanada (TSE:ACQ) Price Target to C$19.50

AutoCanada (TSE:ACQ) had its target price decreased by equities research analysts at BMO Capital Markets from C$21.00 to C$19.50 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 28.21% from the company’s previous close.

Other analysts have also recently issued reports about the company. National Bankshares lowered their target price on AutoCanada from C$20.00 to C$17.00 and set a “sector perform” rating on the stock in a research report on Wednesday. ATB Capital lowered their target price on AutoCanada from C$25.00 to C$20.00 in a research report on Wednesday. Royal Bank of Canada lowered their target price on AutoCanada from C$21.00 to C$18.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Canaccord Genuity Group lowered their target price on AutoCanada from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, Acumen Capital cut AutoCanada from a “speculative buy” rating to a “hold” rating and lowered their price target for the company from C$24.50 to C$21.50 in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, AutoCanada currently has a consensus rating of “Hold” and an average price target of C$19.31.

AutoCanada Stock Performance

Shares of AutoCanada stock traded down C$2.88 on Wednesday, reaching C$15.21. 334,476 shares of the company were exchanged, compared to its average volume of 43,290. AutoCanada has a 1-year low of C$15.00 and a 1-year high of C$27.54. The company has a debt-to-equity ratio of 408.35, a quick ratio of 0.25 and a current ratio of 1.05. The firm has a market cap of C$356.98 million, a price-to-earnings ratio of 9.50, a P/E/G ratio of 0.30 and a beta of 2.54. The company’s 50-day moving average is C$19.34 and its two-hundred day moving average is C$21.51.

AutoCanada Company Profile

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.