AutoCanada Inc. (TSE:ACQ) Receives Average Rating of “Hold” from Analysts

Shares of AutoCanada Inc. (TSE:ACQ) have been given a consensus rating of “Hold” by the ten research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$19.44.

Several research analysts have recently issued reports on ACQ shares. National Bank Financial upgraded shares of AutoCanada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. BMO Capital Markets dropped their target price on AutoCanada from C$19.50 to C$19.00 in a report on Thursday, November 14th. Cormark decreased their price target on AutoCanada from C$25.50 to C$21.75 in a report on Wednesday, August 14th. National Bankshares upgraded shares of AutoCanada from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$17.00 to C$21.00 in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group cut their price target on shares of AutoCanada from C$18.00 to C$15.00 and set a “hold” rating for the company in a report on Wednesday, August 14th.

Insider Buying and Selling at AutoCanada

In related news, insider EdgePoint Investment Group Inc. purchased 27,200 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was bought at an average cost of C$15.47 per share, with a total value of C$420,900.96. Over the last 90 days, insiders have bought 111,900 shares of company stock valued at $1,670,917. Insiders own 4.90% of the company’s stock.

AutoCanada Stock Performance

AutoCanada has a 1 year low of C$13.75 and a 1 year high of C$27.44. The firm has a market cap of C$435.97 million, a PE ratio of -11.97, a P/E/G ratio of 0.30 and a beta of 2.54. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 444.38. The business’s 50-day simple moving average is C$15.80 and its 200-day simple moving average is C$17.63.

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.